Another major Japanese company has fallen victim to the slump in semiconductor prices.
NEC, the biggest semiconductor manufacturer in Japan, said that it will make a loss of Yen20 billion. It will lay off 6,000 people worldwide and there are certain to be job losses at its plants in Scotland and Ireland.
Unlike other Japanese chip companies, NEC had taken no previous action to restructure its activities.
In the same period last year, the company turned in a profit of Yen35.7 billion.
NEC said that the 6,000 jobs will be lost through natural wastage.
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