It appears that you're running an Ad-Blocker. This site is monetized by Advertising and by User Donations; we ask that if you find this site helpful that you whitelist us in your Ad-Blocker, or make a Donation to help aid in operating costs.
Rate This Thread
#57916 - 05/28/1201:44 AM[Reuters] Renesas braces for costly restructuring, shares fall 11 percent
TOKYO (Reuters) - Shares in Renesas Electronics fell more than 11 percent on Monday to a record low after news it will sell loss-making operations and cut at least 12,000 jobs as Japan's chip sector grapples with its biggest shake-out in a decade.