Renesas Suffers 1st Jan-June Net Loss in 6 Years
Tokyo, July 25 (Jiji Press)--Renesas Electronics Corp. said Friday that the major Japanese semiconductor producer suffered a group net loss of 175.3 billion yen for the first half of the current business year through December, logging the first January-June red ink in six years.
Renesas saw its bottom line swing from 139.5 billion yen in the black a year earlier due chiefly to an appraisal loss of 235 billion yen caused by the failure of its U.S. partner chipmaker Wolfspeed Inc., which last month filed for Chapter 11 bankruptcy protection. Renesas had made a deposit of 2 billion dollars with Wolfspeed to procure chip substrate.
(2025/07/25-19:01)
To read a full story, please click here to find out how to subscribe.
BUSINESS
-
07/30 20:41 (Update) Nissan Logs 115.7-B.-Yen Net Loss in April-June -
07/30 20:04 8 Major Japan Automakers' Global Sales Up 1.3 Pct in Jan.-June - 07/30 19:41 (Update) Toyota Group's Jan.-June Global Sales Hit Record High
- 07/30 19:28 Swedish Fund EQT to Buy Japan's Fujitec
- 07/30 17:52 Nissan Logs 115.7-B.-Yen Net Loss in April-June
- 07/30 14:18 Toyota Group's Jan.-June Global Sales Hit Record High
- 07/30 11:53 Nidec to Build New Factory in India
- 07/30 08:10 Marelli Aiming for Rehabilitation under Partner Banks
- 07/29 19:35 Mizuho Bank to Acquire AI Financial Venture
- 07/29 08:00 U.S. Fund KKR to Launch Tender Offer for Japan's Topcon
- 07/28 16:35 Various Measures Taken in Japan to Reduce Food Waste
- 07/28 12:59 Mitsui Chemicals Apologizes for Gas Leak in Fukuoka Pref.
- 07/28 12:18 INTERVIEW: PayPay Bank to Expand Small-Lot Corporate Loans
- 07/26 18:51 3 Online Brokerages to Cover Half of Damage from Account Hacking
- 07/25 19:01 Renesas Suffers 1st Jan-June Net Loss in 6 Years
- 07/25 13:55 Sony to Acquire 2.5 Pct Stake in Bandai Namco
- 07/24 20:08 Uber Japan Helps Families Book Rides for Elderly Members
