Applied Materials Inc., the worlds largest maker of equipment for computer chips, is planning to cut up to 1500 jobs over the next 18 months. Although fourth quarter profits were up, the first increase in profits in over a year, the company says demand for computer chips remains low and is not expected [...]
Continue reading...Sunday, August 16, 2009
Samsung Austin Semiconductor will close a microchip factory in Austin, Texas for a year starting in October, to retool and modernize the facility. Five hundred out of 1,600 workers will be laid off, although up to 200 new jobs will be created when the plant reopens. The job cuts will target less skilled workers; the new [...]
Continue reading...Friday, August 7, 2009
Norwood, Massachusetts’ Analog Devices will shutter its manufacturing facility in Cambridge, eliminating 120 jobs. Work will be sent to the firm’s Wilmington plant. The Cambridge factory makes motion detectors used in a wide variety of products, from automobile air bags to video game controllers. Analog Devices is a multinational semiconductor company specializing in data conversion and signal conditioning [...]
Continue reading...Saturday, July 25, 2009
Advanced Micro Devices, and its newly-spun-off manufacturing arm Globalfoundries, have begin construction of a $4.2 billion semiconductor plant in Saratoga Springs, New York. The plant will be finished in 2012, and will create 1,500 direct jobs and 5,000 indirect jobs. Globalfoundries is owned by AMD and the Abu Dhabi-based investment firm Advanced Technology Investment. Advanced Micro Devices is [...]
Continue reading...Thursday, May 14, 2009
Avago Technologies will cut up to 200 more employees. The microchip manufacturer has cut 475 jobs, or 13% of its workforce, since the beginning of the year. Based in San Jose, California and Singapore, Avago Technologies was originally the semiconductor products division of Hewlett Packard and later Agilent Technologies, before being spun off into a distinct legal [...]
Continue reading...Thursday, April 16, 2009
Unpronounceably-named computer chip manufacturer Xilinx will trim 6% of its global workforce, eliminating 200 jobs. The firm is cutting executive salaries and freezing compensation for others. CEO Moshe Gavrielov will have his annual salary reduced by 20% to $560,000. The board of directors will also see a 20% cut. Xilinx is the world’s largest supplier of programmable [...]
Continue reading...Thursday, March 26, 2009
Fairchild Semiconductor will close a Pennsylvania wafer fabrication plant as part of the chip maker’s ongoing cost-reduction. The company, based in South Portland, Maine, cut its work force by 12% in December. Fairchild has nearly 10,000 employees. It will close its wafer fabrication plant in Mountaintop, Pennsylvania, eliminating 200 jobs, as well as a four-inch line in [...]
Continue reading...Wednesday, March 11, 2009
National Semiconductor will cut more than 1,700 jobs, about 25% of its workforce, as the economic meltdown affects sales. The company is eliminating 850 positions right away, and 875 over the next year. Manufacturing, sales and marketing will all be affected, and the firm will shutter plants in China and Texas. National, based in Santa Clara, California, [...]
Continue reading...Friday, March 6, 2009
California’s Marvell Technology Group will cut 15% of its workforce, or 850 jobs. Marvell, which manufactures semiconductor components for the iPhone and BlackBerry, has seen a drop-off in demand. The job cuts will come from all areas of the company. The firm has imposed company-wide salary freezes, cut some salaries, suspended bonuses and consolidated facilities. Marvell posted a [...]
Continue reading...Tuesday, February 24, 2009
Micron Technology will cut 2,000 jobs as it phases out chip manufacturing operations in Boise, Idaho, by the end of its fiscal year in August. The layoffs are in addition to a 15% reduction, affecting about 2,850 employees, announced last fall as the company stopped production of some flash memory chips, which are used to store [...]
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Wednesday, November 11, 2009
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