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Microsemi to shutter old 3inch fab in Scottsdale, Arizona
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An old 2-3inch analog fab, owned by Microsemi Corporation is set for
closure by April 2011. Microsemi expects that after the consolidation
activities are completed in 18 months, annual savings benefiting
operating income will range from US$20 million to US$25 million.
The Scottsdale facility's remaining product lines will be transferred to other Microsemi facilities similar to other transfers that have occurred to date.
"Microsemi is committed to optimizing its business model and cost structure as we increase the scope of our existing business, expand into new markets and grow both organically and via acquisition," said James J. Peterson, Microsemi President and Chief Executive Officer.
The company did not say how many jobs would be affected by the closure.