Today, Renesas is announcing that it's going to "discontinue" the wireless unit it acquired from Nokia. Finnish state media outlet YLE is reporting that all 808 of Renesas' employees in Finland will be let go, of which more than two-thirds are located in the northern city of Oulu. Three years ago, Nokia decided to focus on designing and manufacturing mobile phones. It sold its wireless modem division to the Japanese semiconductor firm Renesas for roughly $200 million. The idea was, with wireless...
Today, Renesas is announcing that it's going to "discontinue" the wireless unit it acquired from Nokia. Finnish state media outlet YLE is reporting that all 808 of Renesas' employees in Finland will be let go, of which more than two-thirds are located in the northern city of Oulu. Three years ago, Nokia decided to focus on designing and manufacturing mobile phones. It sold its wireless modem division to the Japanese semiconductor firm Renesas for roughly $200 million. The idea was, with wireless...
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