TOKYO May 24 Japanese chipmaker Renesas
Electronics Corp said on Thursday that it plans to tie
up with Taiwan Semiconductor Manufacturing Co in the
The confirmation came after a Yomiuri Shimbun report that
the chipmaker would likely outsource some microchip production
to TSMC, the world's biggest contract chip maker, under a
Renesas is scheduled to hold a news conference on Monday to
talk about a tie-up with TSMC.
"It (outsourcing some microchip production) could be
possible, but we cannot give more details now," a spokeswoman
said. "The head of the microchip business will be speaking at
the news conference, but it won't be about a factory closure or
anything like that."
The paper reported on Tuesday that Renesas plans to cut
about 15 percent of its workforce and raise 50 billion yen ($630
million) in new capital as it struggles to get back on its feet.
The spokeswoman said Monday's announcement would not be
about an equity tie-up with TSMC.
"If it were a capital tie-up, our president would be
attending the news conference, but he is not," she said.
Renesas - a product of successive mergers of the chip units
of Mitsubishi Electric, Hitachi Ltd and NEC
Corp - is the world's biggest supplier of
microcontroller chips used in automobiles.
($1 = 79.2300 Japanese yen)
(Reporting by Ayai Tomisawa; Editing by Edmund Klamann)