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Semiconductor industry reorganization results of 2002

DigiTimes summed up the losses semiconductor leaders suffered this year.

In general, despite some positive moments, the reorganization resulted in numerous staff cuts in 2002.

Reorganization´2002
Company Month Event

Intel

July

Dismissed 4000 workers

October

Launched 300-mm Fab 11X in Rio Rancho, New Mexico

AMD

January

Purchased Alchemy Semiconductor

May

Closed 150-mm Fab 14 and Fab 15 in Austin, TX; dismissed 800 workers from Fabs 14, 15, 25

November

Cut 10-20% workforce

STMicroelectronics (ST)

June

Purchased Alcatel

Philips Semiconductor

November

Closed fab in Albuquerque, NM, dismissed 600 workers

Texas Instruments (TI)

October

Dismissed 500 workers

November

Dismissed 180 workers (15%) from Tucson, AZ fab

Chartered Semiconductor Manufacturing

October

cut capital expenditures by 10%, dismissed 300 workers (7%)

Micron Technology

January

Purchased a fab in Virginia from Toshiba for $300

Hynix Semiconductor

May

Cut 30% workforce

November

Announced sales of property share in HYDIS for $380 million (incomplete)

ASML

December

Dismissed 1450 workers (22%)

Applied Materials

November

Dismissed 1750 workers (11%)

Conexant Systems

March

Picked out a fab in Newport Beach to merge with The Carlyle Group in Jazz Semiconductor

June

Organized broadband components division

July

Merged GPU division with Zing Network in Pictos Technologies

Source: The DigiTimes

 « Previous Day News Archive  

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