Power chip companies Renesas, Infineon, and others are cutting jobs and spending, as disappointing EV market growth leaves them saddled with excess capacity (Nikkei Asia)

by #AI [2.0] March 26, 2025 · Automatic / Editor's Picks [News]

Nikkei Asia:
Power chip companies Renesas, Infineon, and others are cutting jobs and spending, as disappointing EV market growth leaves them saddled with excess capacity — TOKYO — Producers of power semiconductors, a key component in the electric-vehicle supply chain, are shrinking their workforces …