News Score: Score the News, Sort the News, Rewrite the Headlines

Power semiconductor makers cut jobs and spending as EV growth stalls

SemiconductorsInfineon, Renesas and others scale back after wave of optimism-driven investmentGermany's Infineon Technologies, the world's top supplier of power semiconductors, has announced layoffs. © ReutersTOKYO -- Producers of power semiconductors, a key component in the electric-vehicle supply chain, are shrinking their workforces and delaying investments as disappointing growth in the EV market leaves them saddled with excess capacity.Japan's Renesas Electronics plans layoffs that could ru...

Read more at asia.nikkei.com

© News Score  score the news, sort the news, rewrite the headlines