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Numonyx to close California Technology Center

12 August 2008 | By Mark Osborne | News > Cleanroom

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NumonyxAccording 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.

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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 15 October 2008

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