ON Semiconductor announced Wednesday that it will close its remaining wafer-fab facility in its hometown of Phoenix. The news comes less than a month after ON revealed several severe cost-cutting measures, including the elimination of 10 percent of its worldwide workforce and the acceleration of a planned shutdown of other factories. ON explained that closing the Phoenix location will result in the loss of some 350 jobs and will ultimately save the company about $9 million per quarter. According to ON, the 6-inch wafer facility will cease operations in about a year; production, the firm noted, will be transferred elsewhere. ON said the Phoenix plant has cranked out electronic components since the 1960s.
Top NewsThursday, February 5, 2009
ON Semiconductor to Close Another Fab: 350 Jobs Lost