NEC shuts fabs, exits structured ASICs

Yoshiko Hara, EE Times
(02/22/2007 1:10 PM EST)
 
TOKYO — Coping with a ''crisis'' amid losses in its business, troubled NEC Electronics Corp. Thursday (Feb. 22) announced a three-year restructuring plan that included the exit from the structured ASIC and single-chip cell phone sectors. The company, which is also terminating 600 engineers, will consolidate its nine front-end manufacturing lines in Japan to four.

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