Renesas to Post 250&B.&Yen Loss
Renesas to Post 250&B.&Yen Loss
Tokyo, June 23 (Jiji Press)--Renesas Electronics Corp. said Monday the Japanese semiconductor giant will log about 250 billion yen in loss for January-June stemming from its U.S. partner's business failure. In July 2023, Renesas struck a 10-year deal to procure from Wolfspeed Inc. silicon carbide wafers for power semiconductors and provided the U.S. chipmaker with a deposit of over 2 billion...
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