<p>➀ Renesas Electronics, a Japanese semiconductor manufacturer, plans to lay off hundreds of employees this year due to weak demand for chips.</p><p>➁ The company, which serves major automotive manufacturers like Toyota and Nissan, has canceled its salary increase plan for employees scheduled for this spring.</p><p>➂ Renesas expects its revenue to decline by 9% to approximately 1.33 trillion yen (US$ 13.4 billion) in 2024, with an operating profit margin expected to drop by 5 percentage points to 28.9%.</p>