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Japan's EV Slump Forces Major Layoffs at Renesas

3/27/2025

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Summary

Story summary

In Japan, the electric vehicle market's sluggish growth is forcing power semiconductor manufacturers to make tough decisions. Renesas Electronics is set to implement major layoffs and has halted its power semiconductor production, operating at a mere 30% capacity last quarter, a decline from 40%. The industry's future hangs in the balance.

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Story summary

In Japan, the electric vehicle market's sluggish growth is forcing power semiconductor manufacturers to make tough decisions. Renesas Electronics is set to implement major layoffs and has halted its power semiconductor production, operating at a mere 30% capacity last quarter, a decline from 40%. The industry's future hangs in the balance.