Renesas to Cut More Than 3,000 Additional Jobs Under Rescue Plan

Renesas to Cut More Than 3,000 Additional Jobs Under Rescue Plan

Tomohiro Ohsumi/Bloomberg

A worker inspects a clean room at Renesas Electronics Corp.'s Naka plant in Hitachinaka city, Ibaraki prefecture, Japan. Renesas plans to increase spending to develop more advanced microcontrollers used in cars and televisions, after demand fell for its LSI system chips.