Online information source for semiconductor professionals

Atmel plans 11-day fab shutdown

16 December 2008 | By Mark Osborne | News > Cleanroom

Popular articles

New Product: Applied Materials new EUV reticle etch system provides nanometer-level accuracy - 19 September 2011

Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008

‚??Velocity‚?? the new buzzword in Intel‚??s PQS annual awards - 12 April 2012

Applied Materials adds Jim Rogers to Board of Directors - 29 April 2008

New Product: ASML Brion‚??s Tachyon MB-SRAF enables OPC-like compute times - 19 September 2011

Atmel 200mm fab, Rousset, France As part of new cost reduction strategy, Atmel Corporation is to stop production at its semiconductor fabrication facilities in Colorado Springs, Colorado and Rousset, France for 11-days. The company noted that a headcount reduction of 200, previously announced and affecting workers in France had been completed.

However, the current economic environment meant that Atmel would also make an 11% reduction in its North American workforce as well as a 10-day shutdown for non-manufacturing employees.

Atmel made the announcements at the same time as lowering fourth quarter 2008 revenue guidance, which it expects will be down 12% to 18%. Atmel posted $400 million in revenues for the third quarter of 2008.

The workforce reduction is expected to make approximately $18 million of savings on an annualized basis and charges of approximately $4 million related to severance pay in the fourth quarter.

Related articles

Atmel considers Microchip Technology and ON Semiconductor‚??s new buy-out offer - 02 October 2008

Atmel‚??s Heilbronn fab transferred to Tejas Silicon Holdings - 02 January 2009

Atmel cuts fabs and jobs in fab-lite drive - 14 December 2007

Application of Advances in Reactor Design to Metal Etch Chambers for Availability, Cost, Process and - 01 June 2000

SEH America to temporarily halt wafer production - 05 February 2009

Reader comments

No comments yet!

Post your comment

Please enter the word you see in the image below: