NEC to cut capex spending
By Staff -- Purchasing, 3/15/2007 2:00:00 AM
Semiconductor maker NEC Electronics plans to slash capital spending 30% in the next fiscal year and cut production and research costs. The Japanese firm plans to outsource more chip production and reorganize its manufacturing facilities to improve cost competitiveness, consolidate the company's nine front-end manufacturing lines in Japan to four lines and phase out research into some special-order chips. The goal: A move toward more-profitable automotive and consumer electronics markets.
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