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Sunday, July 28, 2013
From Print Edition
 
 

 

TOKYO: Japan’s Renesas Electronics Corp plans to close a system LSI chip plant in northern Japan that makes chips for Nintendo Co Ltd’s Wii game consoles and other consumer electronics, after failing to find a buyer for the facility, sources familiar with the matter said on Saturday.

 

The state-of-the-art Tsuruoka plant’s 1,000 employees will be offered reassignments or voluntary redundancy, the sources said, as Renesas restructures to focus on making microcontrollers for automotive electronics, where it holds the top global market share. The sources had no estimate for the cost of the shutdown, expected to take place over the next two to three years.