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Numonyx to close California Technology Center
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Numonyx to close California Technology Center - 12 August 2008
According to correspondence we have received from Numonyx employees,
the memory spin-off from Intel Corporation and STMicroelectronics is to
close its R&D center in Santa Clara, known as the California
Technology Center (CTC). Continued price declines and weakening
macro-economic climate is forcing Numonyx to restructure, forcing the
company to close facilities and reduce its headcount.
Employees at the CTC were told of the closure last Tuesday, which
is believed to come into effect by April, 2009. According to the
Numonyx sources, the news was announced by Greg Attwood and BJ Woo
co-directors of CTC.
The facility was previously owned and operated by Intel as Fab 1, before being used as an R&D facility.
Numonyx did to respond to telephone and email enquires.
Reader comments
Numonyx is also set to shutdown their 2nd R&D;site in Cavite, Philippines. It has been announced last March 17, 2009 to affected employees, and will have until end of May 2009. It wasnt clear though why the said site will be closed down, despite the numerous products it has been taping out and raking in cash for the company. There is a rumor that the decision is POLITICAL in nature.
By Anonymous on 20 March 2009
I'm sure we'll see more technology companies closing with the recession we're in.
By stock investing on 14 October 2008