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NEC slashes investments in China due to poor IC sales

Compiled from outside sources by Iliad Kang, Research Center; Christy Lee, DIGITIMES Asia Friday 1 June 2001 0

Due to the worldwide slackening of IC sales, Japan’s NEC announced that its joint venture in China, Shanghai Hua Hong NEC Electronics Co (HHNEC), would slash investment in 2001 from 35 billion yen to 20 billion yen (US$166 million). In the future,...

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