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Nikon plans reform to reduce reliance on key customer Intel

Japanese group goes on price-cutting drive in chipmaking machine market

Nikon has been supplying 70%-90% of its chipmaking machines to Intel, according to a securities analyst, but is now seeking new customers (Source photos by Shinya Sawai and Yuichi Nitta).

TOKYO -- Nikon plans to cut 2,000 jobs, or 10% of its workforce, mainly due to a downturn in its mainstay camera business and structural changes in the global semiconductor industry, highlighted by sluggish performance of top American chipmaker Intel.

The Japanese multinational is now staging a price-cutting offensive in the market for semiconductor manufacturing equipment, according to industry officials.

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