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HET FINANCIEELE DAGBLAD: Philips expects further reduction in turnover for chips division in 3Q 2001.

Chemical Business Newsbase

| September 28, 2001 | COPYRIGHT 2000 Elsevier Engineering Information, Inc. (Hide copyright information)Copyright

Philips, Netherlands, is predicting that the sales of its semiconductors division will be 17-18% lower in 3Q 2001 than in 3Q 2000.

The company had originally forecast a reduction of just 1%. 35% of Philips' chips go to the mobile phones sector where there has been a market slowdown.

Charges of EUR 100 M will be taken for enhancing the …

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