Monday, November 11, 2002
Philips Electronics said today that it plans a phased closure of its wafer fab operation in Albuquerque, New Mexico, by the end of 2003.
The closure will allow Philips Semiconductors to reduce excess capacity and costs thereby lowering its break-even point, the company said.
About 600 employees are to remain in place into the third quarter of 2003, at which time manufacturing will be relocated to other Philips sites in North America, Asia and Europe. `
“We are very sensitive to the impact of this decision on our employees in Albuquerque, and to the local community. Over the coming months, we will work closely with our employees and local leaders to minimize the negative impact of this decision locally," said Steve Kelley, senior vice president responsible for North America Manufacturing at Philips Semiconductors, in a statement.
"Philips has been part of Albuquerque since the early 1980's, and has enjoyed its association with the local community. We have provided early notice in an effort to help people identify their next career step, and to be sure that the team knows that we will continue operations for the next several quarters."
The Albuquerque wafer fab was constructed by Philips during 1980 and 1981 with the first chips coming off the line in 1982. The fab operated under the Signetics name until 1992.
By: DocMemory
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