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

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Indonesia's key reformers set to stay in cabinet | International | | 17 October 2009
Israeli forces kill American gunman in hotel shoot-out | | 5 October 2012
Heartbreak for Gambhir as Ind-Eng Test drawn | 23 December 2008

Hulu trying out models to boost revenue: NBC | 22 October 2009

Forum Views () Forum Replies ()

Read more with google mobile : Japan's Renesas eyes 14,000 job cuts, chip plant sale: Nikkei |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Russian arms shipment en route to Syria: report 25 May 2012 Minute by minute, Nasdaq chaos engulfed Facebook IPO | 25 May 2012 Gunman in Indiana standoff dies after shooting himself 12:06am EDT Spain region, Greek exit warnings rattle euro zone 25 May 2012 Lebanese Syria hostage release delayed, massacre claimed | 3:32am EDT Discussed 152 Exclusive: U.S. lets China bypass Wall Street for Treasury orders 93 ”Battleship” bomb may hit studio’s profits: analysts 81 Protests planned after minister calls for gays to be fenced in Watched SpaceX: One giant leap for business in space Fri, May 25 2012 A look at the UK’s most beautiful face Thu, May 10 2012 Dead silence then Nasdaq chaos burns Facebook investors Fri, May 25 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Fleet Week The U.S. Navy takes Manhattan for a week. Slideshow The SpaceX mission A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station. Slideshow Japan's Renesas eyes 14,000 job cuts, chip plant sale: Nikkei Tweet Share this Email Print Related News Deals of the day -- mergers and acquisitions Thu, May 24 2012 Renesas says to tie up with TSMC in chip business Thu, May 24 2012 Nikkei scrambles back above 8,500 on late rally Thu, May 24 2012 Japan's Renesas to cut 6,000 jobs, raise capital: report Tue, May 22 2012 UPDATE 3-Japan's Renesas to cut 6,000 jobs, raise capital-report Tue, May 22 2012 Analysis & Opinion Samsung moves on from Japan to nibble at Apple Related Topics Tech » Japan » The logo of Renesas Electronics is seen at its headquarters in Tokyo February 8, 2012. Credit: Reuters/Kim Kyung-Hoon TOKYO | Sat May 26, 2012 12:32am EDT 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, the world's largest maker of microcontroller chips for cars, is also considering raising more than 100 billion yen ($1.3 billion) in a share issue to pay for restructuring and appease lenders concerned about it its finances, the paper said. The company - a product of successive mergers of the chip units of Mitsubishi Electric, Hitachi Ltd and NEC Corp - has been mired in the red, buffeted by the strong yen and the weakened state of Japan's electronics industry. The 14,000 job cuts would amount to one-third of its workforce and represent a much more dramatic restructuring than reported earlier this week. No one at Renesas could be reached for comment. The Nikkei said Renesas was also in talks to sell its Tsuruoka system chip factory in northeastern Japan to TSMC. TSMC, the world's largest contract chipmaker, would take on the plant's 1,400 workers if the deal goes through, the paper said. The Tsuruoka factory, which makes chips for a range of digital electronics, has been one of its biggest burdens due to low utilization rates stemming from the sharp contraction in Japan's flat TV market, the Nikkei said. A person familiar with the matter told Reuters that TSMC had no plan to buy any Japan plant. Renesas said earlier this week that it would forge closer ties with TSMC, which already counts Renesas as one of its clients. Renesas did not offer further details of the alliance ahead of a planned news conference on Monday. The Nikkei said Renesas is also planning to transfer more than 1,000 employees to a new company due to be created through the merger of its system chip operations with those of Fujitsu Ltd and Panasonic Corp. Renesas has presented its restructuring plan to its main lenders, the Nikkei said. It will look to sell the new shares to Hitachi, Mitsubishi and NEC, which combined own about 90 percent of the chipmaker, while also sounding out overseas funds as potential investors, the newspaper said. Renesas posted a 62.6 billion yen net loss in the financial year to end-March, hurt by natural disasters in Japan and Thailand that forced it to shut eight factories. Mitsubishi Electric said early this week that it was prepared, along with the other two main shareholders, to offer support to Renesas. ($1 = 79.6000 Japanese yen) (Reporting by Nathan Layne; Editing by Jeremy Laurence) Tech Japan Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 26 May 2012
Syrian forces kill 50 in Homs province: opposition group |
Exclusive: U.S. probes China's ZTE over tech sales to Iran |
Qaeda-linked suicide bomber kills 12 in Yemen |
French left ahead in parliament vote: poll |
Turkmen leader sacks oil and gas minister |
Facebook options debut a wild card for volatility |
Dell-Quest deal possible over weekend: sources |
Facebook's market maker losses may top $115 million: sources |
They're here. They're geeks. Get used to it |
HP tries to stem Autonomy exodus after founder goes |
Corrected: Dish, TV networks take fight over ad zapper to judges |
Keira Knightley engaged to British rocker boyfriend |
Making France's Intouchables bankable in the U.S. |
Horror film Chernobyl Diaries draws some protests |
Brother of blind Chinese activist goes missing: lawyer |
Afghan parliament approves U.S.-Afghan security pact |
Muslim Brotherhood seeks unity ahead of Egypt runoff |
Lebanese Syria hostage release delayed, massacre claimed |
Bud weakens to storm off Mexico's Pacific coast |
Clinton to visit Scandinavia, Caucasus, Turkey |
Rooftop gunman kills one, wounds 8 in Finland |
Qaeda-linked suicide bomber kills 12 in Yemen |
Japan's Renesas eyes 14,000 job cuts, chip plant sale: Nikkei |
SpaceX capsule docks at space station, opens new era |
DigitalGlobe, GeoEye jump on nod for imagery funding |
Folk artist Doc Watson's responsive after surgery: agent |
Iran has enough uranium for 5 bombs: expert |
Putin puts Medvedev in charge of Russia's ruling party |
Greek pro-bailout conservatives regain lead: polls |
Israeli settler shoots Palestinian in West Bank |
Pope's butler charged over leaks scandal |
Muslims buried in Bosnia town, Serb veterans march |
Cannes gets happy ending with river film Mud |
Cannes' Middle East films show Arab Spring unfurl |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01