UPDATE 1-Renesas aims to sell chip plant, shed 12,000 jobs -source

Source: Reuters Mobile

* Renesas plans to sell system chip plant, mobile unit -source * Renesas hopes to raise more than $1.3 billion for restructuring * To cut payroll by 12,000 via plant sales, redundancies TOKYO, May 26 (Reuters) - Japanese chipmaker Renesas Electroni ...
Full article at: Reuters Mobile  More like this  9 hours ago

Advertisement

Japan's Renesas eyes 14,000 job cuts, chip plant sale: Nikkei

Source: CNBC

TOKYO (Reuters) - Struggling Japanese chipmaker Renesas Electronics Corp is planning to slash as many as 14,000 jobs and sell a major semiconductor factory in Japan to Taiwan Semiconductor Manufacturing Co, the Nikkei newspaper reported. Renesas, th ...
Full article at: CNBC  More like this  14 hours ago

Chip Maker Renesas to Cut 14,000 Jobs

Source: Wall Street Journal

By Atsuko Fukase TOKYO—Japanese chip maker Renesas Electronics Corp. is planning to cut up to 14,000 jobs, or nearly 30% of its total workforce, and sell its major plant to Taiwanese Semiconductor Manufacturing Co., people familiar with ...
Full article at: Wall Street Journal  More like this  15 hours ago

Latest stories

Eurovision Song Contest 2012 streamed Live Online
If you are bored tonight you can watch the Eurovision Song Contest 2012 online now.

 

Chevrolet Recalls 2013 Malibu Eco for Airbag Deployment Issue
Airbags could go off unexpectedly in some models

 

Fox, CBS, and NBC Sue Dish Network for Cutting Commercials
AutoHop under fire

 

UPDATE 1-Renesas planning major fundraising, job cuts-sources

Source: Reuters

TOKYO, May 25 (Reuters) - Japan's Renesas Electronics Corp is planning a much more extensive restructure than the 50 billion yen ($630 million) capital raising and 6,000 job cuts reported by a Japanese newspaper early this week. ...
Full article at: Reuters  More like this  1 day ago, 8:42am CDT

Renesas plans to raise $1.3 billion, cut 10,000 jobs

Source: Automotive News

TOKYO (Bloomberg) -- Renesas Electronics Corp., the world's biggest maker of automotive microcontrollers, plans to raise capital of 100 billion yen ($1.3 billion) and cut more than 10,000 jobs, according to the latest draft of a restructuring plan, ...
Full article at: Automotive News  More like this  1 day ago, 6:34am CDT

Renesas Said to Plan Raising $1.3 Billion, Cutting 10,000 Jobs

Source: Bloomberg.com

Employees work in a clean room on the production line for 300mm wafers at Renesas Electronics Corp.'s Naka plant in Hitachinaka city, Ibaraki prefecture. Employees work in a clean room on the production ...
Full article at: Bloomberg.com  More like this  1 day ago, 5:20am CDT

Renesas to tie up with TSMC in chip business

Source: Times of India

TOKYO: Japanese chipmaker Renesas Electronics Corp said on Thursday it will tie up with Taiwan Semiconductor Manufacturing Co in the microchip business as it struggles to keep up with aggressive competitors while racking up he ...
Full article at: Times of India  More like this  2 days ago, 9:43am CDT

As HP and Dell flail, Lenovo sits pretty with edge in China's PC market

Source: Globe and Mail

Lee Chyen Yee Hong Kong— Reuters Published Thursday, May. 24, 2012 10:29AM EDT Last updated Thursday, May. 24, 2012 10:33AM EDT With home turf advantage in the world’s biggest computer market and a foothold in major emerging economies, China’s L ...
Full article at: Globe and Mail  More like this  2 days ago, 9:40am CDT

Lenovo Outpaces Industry Growth with Profit Up 59 Percent

Source: Top Tech News

Lenovo Group, the world's second-largest personal computer maker, said Wednesday its quarterly profit rose 59 percent over a year earlier on record sales. Profit for the three months ending March 31 was $67 million, or 0.65 U. ...
Full article at: Top Tech News  More like this  2 days ago, 8:32am CDT