Fairchild to Shutter Fabs in Pennsylvania and South Korea
Fairchild Semiconductor will close its manufacturing site in Mountaintop, Pa., and shut down a 4 in. line in Bucheon, South Korea. CEO Mark Thompson said the closure will reduce the number of manufacturing sites from four to three locations, with four production fabs.
Staff -- Semiconductor International, 3/26/2009
Fairchild Semiconductor Inc. (South Portland, Maine) said it will close its wafer fab in Mountaintop, Pa., leading to a closure of the site and the layoff of ~200. The company also will shut down a 4 in. line in Bucheon, South Korea, moving production to more modern lines at the Bucheon site.
Fairchild CEO Mark Thompson said the closure will reduce the number of wafer fabs from six to four, and the number of front end manufacturing sites from four to three. “We are committed to staying cost competitive in these hard economic times, and these changes will simplify operations, improve productivity and reduce costs."
The company said it anticipates that the consolidation of the South Korea fabrication processes and the closure of the Mountaintop facility will be completed by June 2010. The company expects to realize annual savings ranging from $20M to $25M.
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