NEC Electronics posts Q3 loss on slow chip sales

Newswire

TOKYO, Jan 25 (Reuters) - Japan's NEC Electronics Corp. reported a swing to a quarterly loss on Wednesday, battered by sluggish sales of cellphone chips, and it stood by its outlook for a full-year loss. The net loss at NEC Electronics, the microchip unit of electronics conglomerate NEC Corp. , came to 2.56 billion yen ($22.3 million) in the third quarter ended Dec. 31, compared with a 481 million yen profit a year earlier. Its earnings were hit by slower-than-expected demand for chips ...

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