Renesas Electronics to withdraw from the large-sized display driver IC business

Renesas Electronics to withdraw from the large-sized display driver IC business

Business news |
Renesas Electronics Corporation has announced it will withdraw from the large-sized display driver IC business. The slowdown of the flat panel display market for mostly TVs and falls in prices have placed Renesas in a very difficult situation to secure profitability with its large-sized display driver IC business, despite the fact that Renesas has been implementing various measures including reducing manufacturing cost through process miniaturization and promoting development efficiency.
By eeNews Europe

Share:

With no short term recovery in sight, the company concluded it will be difficult to stay in the large-sized display driver IC business and decided to withdraw from it as part of its structural reform measures. This measure will be effective from March 31, 2012. For those large-sized display driver ICs which have already started mass production, the company stated it will discontinue its supply in consultation with existing customers using these drivers effective March 31, 2013. Renesas SP Drivers Inc., a consolidated subsidiary of Renesas Electronics, will continue to supply small- and mid-sized display diver ICs as in the past.

Visit Renesas Electronics at www.renesas.com

Linked Articles
eeNews Analog
10s