UPDATE 1-NEC Electronics to merge production units

Newswire

(Recasts, adds details, background) TOKYO, Nov 28 (Reuters) - Japanese chip maker NEC Electronics Corp said on Wednesday it would halve the number of chip production units it runs in Japan in 2008, part of its efforts to cut costs and turn a profit next year. The loss-making company, 70-percent-owned by NEC Corp , has been closing old production lines and slashing outsourcing costs and salaries. Under the turnaround plan, it will merge six domestic production units into three by next ...

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