David
04-25-2009, 11:43 PM
A new story entry has been added:
Freescale French Site closing
Freescale Semiconductor is closing its six inch fab in Toulouse, France, as well as another similar size line at Sendai in Japan, as part of its ongoing restructuring plans. Freescale said it has started discussions with employees at its Toulouse, France, plant with regards to the closure of the facility.
The news came as the troubled chip maker reported first quarter net income of $1.8 billion, boosted by a $2.3 billion gain on the elimination of a portion of its long-term debt, but revenue decreased 40 percent on continuing weakness in demand.
Freescale French Site closing
Freescale Semiconductor is closing its six inch fab in Toulouse, France, as well as another similar size line at Sendai in Japan, as part of its ongoing restructuring plans. Freescale said it has started discussions with employees at its Toulouse, France, plant with regards to the closure of the facility.
The news came as the troubled chip maker reported first quarter net income of $1.8 billion, boosted by a $2.3 billion gain on the elimination of a portion of its long-term debt, but revenue decreased 40 percent on continuing weakness in demand.