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Het Financieele Dagblad: Philips to restructure chips division again.
(From Chemical Business NewsBase: Het Financieele Dagblad)
Philips is to once again carry out major restructuring of its semiconductor and components division because of falling demand for end products such as PCs and mobile telephones. The closure of one or more of the eight microchip plants has not been ruled out. The company supplies chips to Nokia, Ericsson, Apple, Samsung, Sony, Thomson, etc. Over the next 6 months Philips will spend $200-225 M on implementing …
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