TOKYO -- Japanese chipmaker Renesas Electronics has abandoned a plan to produce power semiconductors using a new material, retreating from an "early 2025" scheduled production launch at its plant in Takasaki, Gunma prefecture, Nikkei has learned.
Profit outlook made bleak by Chinese rivals boosting their output

Renesas Electronics' plant in Takasaki, Gunma prefecture, was designated to produce next-generation power semiconductors for electric vehicles.
TOKYO -- Japanese chipmaker Renesas Electronics has abandoned a plan to produce power semiconductors using a new material, retreating from an "early 2025" scheduled production launch at its plant in Takasaki, Gunma prefecture, Nikkei has learned.