Reports: Renesas to tie up with TSMC, cut jobs

Peter Clarke, EETimes
5/24/2012 4:48 AM EDT

HELSINKI, Finland – Renesas Electronics Corp., Japan's largest maker of logic chips, is expected to announce business partnership with foundry Taiwan Semiconductor Manufacturing Co. Ltd. for the production of chips on Monday (May 28), according to reports.

Renesas reportedly confirmed it will tie-up with TSMC (Hsinchu, Taiwan) but provided no details. The move to outsource more chip production is seen as a move to combat heavy losses made by the company.

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