banner The latest auto news, reviews, prices, product and vehicle releases. Auto News 5

Stay connected Subscribe to our RSS feed

Do not miss the latest Auto News !

Aug
2nd

Top auto chipmaker Renesas expects worst-ever annual loss of $1.9 billion

Stay connected Subscribe to our RSS feed
Renesas Electronics, the world's leading manufacturer of microcontroller chips used in cars, forecast a record annual net loss of 150 billion yen ($1.9 billion) as it fights for survival in the face of sinking prices and aggressive overseas rivals.
Hosted by CifTech Hosting.