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Philips announces plans for Albuquerque facility shutdown

Posted: 12 Nov 2002 ?? ?Print Version ?Bookmark and Share

Keywords:wafer? semiconductor? fab? ic manufacturing?

Royal Philips Electronics has announced its plans for the phased closure of its semiconductor fabrication operation in Albuquerque, New Mexico, at the end of 2003.

The announcement follows Philips' stated intention last September to reduce manufacturing capacity at Philips Semiconductors, and will be part of earlier announced restructuring plans for Q4 this year. The closure is expected to lower excess capacity and fixed costs, in order to reduce the structural break-even level, and better adjust capacity in line with demand.

The core production team will remain in place into Q3 of 2003, at which time manufacturing will be relocated to other Philips sites in North America, Asia and Europe. Meanwhile, the fab's workforce of about 600 will continue to manufacture advanced semiconductors for Philips customers worldwide.

"This decision to close the Albuquerque fab was made to reduce the semiconductor division's overall wafer capacity. Over the coming months, we will work closely with our employees and local leaders to minimize the negative impact of this decision locally," said Steve Kelley, SVP, North America Manufacturing, Philips Semiconductors.





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