Sony Cuts Back On Chip Spending

Kenji Hall

Is Sony giving its semiconductor strategy a rethink? That's what Yutaka Nakagawa, who heads Sony's semiconductor division, suggested to reporters on Feb. 13. The exec said Sony's investment in its chip-making operations would fall significantly over the next three years through the fiscal year ending March 2010. Though he didn't offer any concrete figures, the Nikkei financial daily estimated that the company would spend $2.5 billion--40% less than the $4 billion it will have spent in the three years through March.

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