AMI Semiconductor Announces Plans to Consolidate European Fabrication Facilities
The Company intends to close its four-inch wafer fabrication facility in Oudenaarde, Belgium, and plans to consolidate operations into its existing six-inch wafer fabrication facility, also located in Oudenaarde, Belgium. The consolidation and closure of the four-inch facility is expected to be completed by the first quarter of 2007.
“We are taking these actions at our European facilities as part of our ongoing drive to consolidate operations and enhance efficiencies,” said Christine King, president and chief executive officer. “These actions along with our previously announced, on-schedule wafer sort consolidation efforts into our Manila, Philippines facility, are examples of our ongoing commitment to improving efficiencies. Customer satisfaction and quality are of paramount importance as we execute on this consolidation,” added King, “and we will work closely with our customers through this transition.”
The Company anticipates these actions, when fully implemented, will result in net pre-tax cost savings of approximately $1.0 million to $1.5 million per quarter, starting in the first quarter of 2007. The total pre-tax restructuring charge for these actions is expected to be in the range of $20.0 million to $25.0 million, which will be predominately cash. Restructuring charges to be incurred in the third quarter of 2005 will be dependent upon the nature and timing of an agreement with the local workers’ council. The remaining charges are expected to be taken on a quarterly basis through the first quarter of 2007, as incurred.
About AMI Semiconductor
AMI Semiconductor (AMIS) is a leader in the design and manufacture of silicon solutions for the real world. As a widely recognized innovator in state-of-the-art integrated mixed-signal products, mixed-signal foundry services and structured digital products, AMIS is committed to providing customers with the optimal value, quickest time-to-market semiconductor solutions. Offering unparalleled manufacturing flexibility and dedication to customer service, AMI Semiconductor operates globally with headquarters in Pocatello, Idaho, European corporate offices in Oudenaarde, Belgium, and a network of sales and design centers located in the key markets of the North America, Europe and the Asia Pacific region.
|
Related News
- DexCom Selects AMI Semiconductor for Turnkey System-on-Chip (SoC) Design and Fabrication
- BOS Semiconductors Signed Development Contract for ADAS Chiplet SoC with an European OEM
- Frontgrade Gaisler Leads European Initiative for Ultra Deep Sub-Micron Semiconductor Technology for Space Applications
- Boosting Efficiency and Reducing Costs: Silvaco's Approach to Semiconductor Fabrication
- Global Semiconductor Industry Plans to Invest $400 Billion in 300mm Fab Equipment Over Next Three Years, SEMI Reports
Breaking News
- Ceva Neural Processing Unit IP for Edge AI Selected by Nextchip for Next-Generation ADAS Solutions
- Cadence Advances AI in the Cloud with Industry-First DDR5 12.8Gbps MRDIMM Gen2 Memory IP System Solution
- Thalia joins GlobalFoundries' GlobalSolutions Ecosystem to advance IP reuse and design migration
- MosChip® to showcase Silicon Engineering Services at TSMC 2025 North America Technology Symposium
- Alphawave Semi Audited Results for the Year Ended 31 December 2024
Most Popular
- New Breakthroughs in China's RISC-V Chip Industry
- Cadence to Acquire Arm Artisan Foundation IP Business
- Analog Bits to Demonstrate IP Portfolio on TSMC 3nm and 2nm Processes at TSMC 2025 Technology Symposium
- JEDEC® and Industry Leaders Collaborate to Release JESD270-4 HBM4 Standard: Advancing Bandwidth, Efficiency, and Capacity for AI and HPC
- Shifting Sands in Silicon by Global Supply Chains
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |