Renesas Electronics withdrawing from large sized display drivers
1 min read
Renesas Electronics has announced it is to withdraw from the large sized display driver IC business, primarily due to the slowdown of the flat panel display market and falls in prices.
The semiconductor supplier had previously implemented cost reducing measures through process miniaturisation and promoting development efficiency. However, amid an economy with no short term recovery in sight, Renesas has announced it will withdraw completely from the development of driver ICs for large sized displays, effective March 31 2012.
For large sized display driver ICs that have already started mass production, Renesas will discontinue its supply in consultation with existing customers using these drivers effective March 31 2013. Renesas SP Drivers, a consolidated subsidiary of Renesas Electronics will continue to supply small and mid-sized display driver ICs as in the past.
According to Renesas, the withdrawal doesn't have a significant impact to its consolidated financial results for the year ending March 31 2012. The company says it will assess the impact from the withdrawal to its financial results for the year ending March 31 2013 and intends to add details when confirmed information is available.
