Microsemi Shutting Scottsdale Plant - Eric Savitz (Barron's)

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Microsemi Shutting Scottsdale Plant
Oct 28, 2009 04:37 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
MSCC	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Microsemi (MSCC) today said it will shut its manufacturing plant in Scottsdale, Arizona, by April 2011. The chip company said it move is part of an effort to reduce costs. The shutdown should boost operating income by $20 million to $25 million a year, the company said.

MSCC said it will take one-time charges of $24 million to $26 million for severance and related costs.

The company did not say how many people would be affected by the closure.

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