Fujitsu cuts chip output forecast

Jan. 28, 2003 – Tokyo, Japan – Fujitsu Ltd. has cut its forecast for semiconductor production in the year ending March to 400 billion yen ($3.38 billion) from 430 billion yen as the market remained sluggish.

The company has also trimmed its overall consolidated revenue targets for the year to 4.7 trillion yen from 4.8 trillion yen, although its profit targets were not changed, reported Reuters.

The company reiterated it expected 200 billion yen in fixed cost savings in the next business year as a result of structural reforms.


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