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ImageSanta Clara-based Applied Materials took second 10 per cent pay cut in less than a year "in order to reduce costs due to deteriorating global economic and industry conditions," according to a filing with the SEC.

In December, the non-employee directors also took a 10 per cent reduction in the retainer fee paid for their service on the board, going from $65,000 to $58,500.

Applied's Chief executive Michael Splinter, who was making $980,000 a year at the start of the 2008 fiscal year in November 2007, after getting a four percent raise from his salary the year before, had that reduced to $882,000 for most of the second half of fiscal year 2008 that ended October 31. Following the most recent cut, his salary now stands at $784,000.

The largest supplier of manufacturing equipment to the semiconductor industry, announced its plan to eliminate 1,800 positions, or approximately 12 per cent of its workforce, through attrition, voluntary separation and "other workforce reduction actions."