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.
Reuters: Business News, Reuters: Business
Sun, 05/27/2012 - 10:58pm
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.