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.
