Sony to slash chip spending
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Sony Corp.  will cut back on  future chip spending and may not produce advanced chips used in  its PlayStation 3 (PS3) in-house, a senior executive said on  Tuesday, in a move aimed at driving the semiconductor unit's  nascent earnings recovery.
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EINDHOVEN, Netherlands  - Philips Electronics said  on Tuesday it had trimmed its 2005 global chip market outlook  to zero growth from a previous 5 percent rate forecast.
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By Kyodo News International, Tokyo  Feb. 13--TOKYO -- Sony Corp. said Tuesday it will sharply reduce capital  expenditures for its semiconductor operations over the next three years as  part of its efforts to focus on money-making products.
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Sony Corp. on Thursday cut the price of its PlayStation 3 game console in the U.S. and announced an even cheaper model that will arrive before the holiday shopping season.
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The two-year effort will reduce its work force by 10 percent and cut $5 billion in costs. Analysts see measures as essential to compete against Advanced Micro Devices.
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TOKYO -- Just when Sony appears to have turned around its electronics business, another part of its sprawling empire _ video games _ is dragging down profits.
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Sony Corp. (6758.T) plans to phase out the cut-priced $499 model of its PlayStation 3 video game machine, leaving only a higher capacity $599 model for sale in the United States, the company said on Monday.
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In an announcement strategically timed to lessen its impact, SanDisk admits that it must cut prices to stay competitive in a tougher NAND memory chip market. Layoffs and salary cuts for executives are also planned.
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Sony Corp. is introducing a new version of its PlayStation 3 console in North America in August and cutting the price of the current 60G-byte model by US$100 from Monday, it said.
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Sony Corp. on Thursday cut its operating  profit estimate for this business year by 31 percent, citing  sharply falling prices of televisions, video cameras and other  key consumer electronics products, and weak demand for chips.
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Sony revealed new details Monday on the chip that will power the next version of its PlayStation video game machine and said development is on track to deliver products based on the chip next year.
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Sony cuts the price of its existing PlayStation 3 console even as it prepares to roll out a cheaper, stripped down version for the holiday rush.
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Sony Corp (6758.T) said on Thursday it  would stop shipments of PlayStation 3 models with 20- and  60-gigabyte (GB) hard disk drives in Japan this month, focusing  instead on the 40-GB model.
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Sony Corp  said on Wednesday it  will sell its microchip production facilities in western Japan  to Toshiba Corp  for 90 billion yen ($835 million), in  their latest move to focus on their core businesses.
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Sony Corp. (6758.T) will cut back on  future chip spending and may not produce advanced "cell"  microchips used in its PlayStation 3 (PS3) game gear in-house  as it seeks better returns on its investments, a senior  executive said on Tuesday.
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TOKYO - Sony Corp. is selling its advanced computer chip operations to Toshiba Corp. , a Sony official said today, speaking on condition of anonymity.
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Europe's top consumer electronics  group Philips cut the forecast for its closely watched chip  unit on Friday and predicted a significant slowdown for the  semiconductor industry next year.