Japanese chipmaker Renesas to post $1.1bn extra loss

Japanese chipmaker Renesas to post $1.1bn extra loss

PanARMENIAN.Net - Ailing Japanese chipmaker Renesas said on Wednesday, Oct 3 that it will post an 85 billion yen ($1.1 billion) extraordinary loss in the July-September quarter after a larger-than-expected number of employees volunteered for its redundancy scheme.

Renesas said about 7,500 employees volunteered to resign with compensation. The firm had aimed to attract about 5,000 workers for the scheme.

The implementation of the scheme will reduce costs by 54 billion yen per year, Renesas said, according to Reuters.

 Top stories
Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT).
Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues.
Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls.
Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."
Partner news
---