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National Semiconductor to cut a quarter of staff
1725 jobless as earnings drop
National Semiconductor is to slash a quarter of its staff and shutter its manufacturing facilities in Texas.
The announcement follows the chipmaker announcing a 71 per cent drop in third quarter profit from $21.1 million from $72.9 million a year ago. Revenue dropped 36 percent to $292.4 million.
Job cuts will take place across the company, which currently has a workforce of about 6,500, and will involve, in coming months, the shutting of facilities in Arlington, Texas, and Suzhou, China.
National Semiconductor makes energy-efficient analog and mixed-signal semiconductors. Its products include power management circuits, display drivers, audio and operational amplifiers, communication products and data conversion software.