Report: TSMC has no plan to buy Renesas fab

Published:2012/7/5 2:48:00 Author:Ecco From:SeekIC

According to a Focus Taiwan news report, Taiwan Semiconductor Manufacturing Co. Ltd. has no plan to acquire a wafer fab from struggling Japanese chipmaker Renesas Electronics Corp.

Renesas has been making losses since its formation in 2010 as a joint venture that also includes the chip making interests of Hitachi, Mitsubishi Electric and NEC. The company announced some details of its restructuring including offers to workers to take early retirement or to leave the company for about 5,000 workers on Tuesday (July 3). However, the plans to cut the company's market engagement and to increase the outsourcing of manufacturing were ambiguous.

According to recently reports in Japan, Renesas was in negotiations with TSMC to increase TSMC's role as a foundry supplier of microcontrollers. After negotiations, Renesas would take over a wafer fab in Yamagata and take over the employment of roughly 1,400 employees there.

The action would have been part of massive re-organization that could see Renesas close or sell more than half its domestic factories and cut its workforce by about 12,000 people or 30 percent.

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