• Kyodo News


NEC Corp. and Hitachi Ltd. said Thursday they will not participate in the manufacturing phase of a government-led project to develop next-generation supercomputers so they can cut costs amid deteriorating business conditions.

NEC, which incurred a group net loss of ¥296.65 billion in business 2008, which ended in March, would shoulder over ¥10 billion in research and development costs if it continued to participate in the project.

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