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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (42530)	2/22/2001 7:16:03 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 70976

TI idles five fabs for one to two weeks to cut costs Semiconductor Business News (02/22/01 14:07 p.m. PST) DALLAS -- In a cost-cutting move, Texas Instruments Inc. is idling five wafer fabs for one- to two-week periods between now and the end of June. "These are on a rolling schedule and will last through the second quarter," said a spokeswoman at TI's headquarters in Dallas today (Feb. 22). TI plants in Merrimack, N.H., Santa Cruz, Calif., and Freising, Germany, will be close for one or two weeks, while partial shutdowns are slated for plants in Houston, and Hiji, Japan. The moves are aimed at reducing costs and production of a range of devices. The Merrimack plant in New Hampshire, for example, was acquired by TI in 1999. It produces analog ICs. The Freising facility, near Munich, is TI's main fab producing BiCMOS chips. Other major semiconductor companies are also making cost cuts as revenue growth in chip markets slows. Intel Corp. this week announced it was delaying pay raises, cutting discretionary spending and travel as well as freezing hiring in non-critical positions until business conditions improve (see Feb. 20 story).