Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 252.40

+2.2%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Trey McAtee who wrote (37864)	8/27/1998 10:32:00 AM
From: DJBEINO	of 53903

Oki Electric to Close U.S. Microchip Assembly Plant August 27, 1998 (TOKYO) -- Oki Electric Industry Co., Ltd. said it will shut down a microchip assembly plant at its U.S. subsidiary in Oregon as of Sept. 30. Oki Electric aims to cut down costs by shutting down and consolidating its assembly bases. The company will pay severance pay to Oki Semiconductor Manufacturing Group's 126 employees and will assist them in seeking new jobs. The plant has been engaged in microchip assembly and testing. At the present time, its production capacity is 1 million 16Mb DRAMs per month and 50,000 microcontrollers per month. After the closing, the assembly process will be transferred to Oki (Thailand) Co., Ltd. and to plants in Japan. The company's sales, marketing and design departments will continue to operate in the state of California nikkeibp.asiabiztech.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next