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The subsidiary will outsource production overseas and focus on chip design. Its 660-member work force will be slashed by half, with the cutback to target 260 employees at the Tochigi site and about 70 at its Chiba Prefecture headquarters. Some of those affected will be reassigned within the JFE Holdings group.
The domestic factory, which specialized in system chips for LCD televisions and personal computer monitors, has become obsolete.
Kawasaki Microelectronics saw sales plunge 45 per cent to 27.8 billion yen (US$287.3 million) and suffered a 4.2 billion yen pretax loss for the year ended March 31.
(Nikkei)
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