A sluggish EV market and Chinese competition is hitting Western power semiconductor manufacturers hard, with a cumulative job losses number nearly 9,000, reports TrendForce.
Renesas plans to cut about 5% of its 21,000 workforce amounting to 1,050 people and postponing mass production at its Kofu plant.
Infineon is to cut 1,400 jobs worldwide and relocate another 1,400.
ST plans to reduce its workforce by 6%, or up to 3,000 employees, through early retirement and attrition.
Onsemi is laying off about 2,400 employees from its 26,400 staff.
 Wolfspeed is laying off 1,000 employees, about 20% of its workforce.
Meanwhile fabs in Chia are ramping up production.
