Fairchild CEO – Mark S Thompson
Fairchild is laying off about 15% of its workforce as it closes plants in Utah, Malaysia and Korea.
Fairchild is to stop five-inch silicon production in Bucheon, Korea and reduce its six-inch wafer capacity.
The closures are expected to take effect from Q2 2015 to Q4 2015.
“An adaptive supply chain must be the foundation of any global manufacturer’s operations in the increasingly dynamic semiconductor solutions market,” says Fairchild CEO Mark Thompson.
“The realignment we are announcing today will maximise the utilisation of eight-inch factories and reduce the complexity of our manufacturing footprint, while creating the flexibility to support ongoing customer demand through a greater use of external manufacturing sources. Fairchild will continue operating eight-inch wafer fabrication lines in South Portland, Maine and Mountain Top, Pennsylvania, as well as the Bucheon six- and eight-inch fabrication lines. Fairchild will also continue operating assembly and test facilities in Cebu, Philippines and Suzhou, China.”
Through the combined actions, Fairchild expects to incur approximately $36 million in cash restructuring and other costs. The company also plans to record during the closure process non-cash charges of approximately $25 million for accelerated depreciation.
Once completed, the company expects to realise annual savings of approximately $45 to $55 million from a second quarter of 2014 financial baseline. Of these estimated savings, approximately 75 percent are expected to be cash savings, with the balance attributable to lower depreciation costs. after the closures have been completed, and about 75% of that is expected to be cash savings.
from News http://ift.tt/1vJJ8w0
via Yuichun
沒有留言:
張貼留言