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NOR flash maker shuts Malaysian fab

Posted: 03 Nov 2011 ?? ?Print Version ?Bookmark and Share

Keywords:test and assembly? manufacturing? NOR flash?

Spansion Inc., a NOR flash memory producer, is set to close its test and assembly facility in Kuala Lumpur. The company said that this will save the firm about $30 million per year as it consolidates its operations into a single site near Bangkok. About 660 jobs will be cut as the result of the closure.

"With macroeconomic weakness expected to continue in the near-term, we are taking proactive measures to reduce operating expenses while strengthening customer relationships and accelerating adoption of new products to position Spansion for long-term market leadership," noted John Kispert, Spansion's president and CEO.

"We regret this conclusion but it is unavoidable. This decision was difficult but required to ensure that Spansion focuses its resources," said Carmine Renzulli, senior VP of worldwide human resources at Spansion. The company will proactively assist impacted employees in finding new jobs and offer them severance packages.

"We sincerely value the talent, contribution and commitment of the employees impacted by today's announcement. The management team at Spansion will actively support them in securing a new future and making smooth career transitions," added Renzulli.

- Dylan McGrath
??EE Times





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