Online information source for semiconductor professionals

The East Kilbride News reports that Freescale is looking into cutting up to 27 more jobs in its research and development division after it announced a worldwide workforce reduction of 10%. This announcement comes after the October 2008 revelation of its Kelvin Industrial plant closing next year with around 800 jobs being lost. Read more >>

Lam Research has started a new restructuring program that will see annualized cost savings of approximately US$60 million with the loss of approximately 600 jobs or approximately 15% of its worldwide workforce. The announcement was made in an SEC filing. Read more >>

Applied Materials will begin implementing a restructuring program in the first quarter of fiscal 2009 that is intended to reduce operating costs of approximately $400 million per annum as the semiconductor downturn as well as the economic recession will see revenue decline. As part of this program, the company plans to reduce its global workforce by approximately 12% or 1,800 positions by the end of fiscal 2009.  Read more >>

Entegris, Inc., announced that it will be closing the larger of its two manufacturing plants in Chaska, Minnesota, U.S. The closure will result in the loss of 200 jobs, roughly seven percent of the company’s worldwide work force, and more than a quarter of its Chaska employees. Read more >>

Axcelis Technologies, Inc. announced a two-sided restructuring plan that will allow the company to reduce operating costs and improve liquidity while continuing to break into new markets with its Optima and Integra product lines. Read more >>

Texas Instruments Incorporated (TI) announced its third quarter revenue of $3.39 billion, with a net income of $563 million. “We entered the third quarter with a cautious view of the economy and its impact on our markets.  Revenue was weak, as expected, because consumers and corporations reduced their spending in this uncertain economy,” stated Rich Templeton, TI Chairman, President and CEO.Read more >>

It was announced today by Freescale Semiconductor that its East Kilbride site is set to cease operations by the middle of next year. Previous reports in 2007 speculated that the company would look into trying to find a buyer for the plant in order to try and diffuse the need for redundancy at its plant. However, it announced in May of this year that a potential buyer could not be found. Read more >>

Keithley Instruments, Inc. has announced that it has decided to implement a series of cost-cutting measures to return the company to profitability. The company has reduced its global workforce by approximately five percent, which is expected to reduce the company’s operating expenses by close to seven percent. Costs incurred in this action will amount to approximately $1.6 million, according to the company. Read more >>

Equipment manufacturer FSI International, Inc. has announced its financial results for the fourth quarter of 2008 and its subsequent decision to implement cost-cutting measures. Since the end of the third quarter, the company has cut 14 percent, or approximately 60 posts, of the company workforce. The lower than anticipated revenues for the quarter have led the company to consolidate its Europe and United States sales and service organizations to further cut operating costs. Read more >>

Following a more than 65% drop in share price since the start of the year, Nvidia Corp. has announced that it is set to cut 360 jobs from its global workforce. Read more >>