Feeds

Mitsubishi to end US chip operations

Holding companies go too, but staff will be retained

  • alert
  • submit to reddit

The essential guide to IT transformation

Mitsubishi Electric is to shut down its US chip manufacturing operation and close its wing at a cost of Y80 billion, it emerged today. The compamy also posted a list of other US-based operations that it intends to close. Mitsubishi Electric America, which operates out of California, and North Carolina-based Mitsubishi Semiconductor America will close their doors for the final time by the end of December Both businesses employ 131 and 200 people, but the company said it did not intend to make them redundant, presumably to offer them relocation or voluntary severance. Mitsubishi Semiconductor America's design group, for instance, will be folded into Mitsubishi Electronics America's semiconductor marketing operation. Mitsubishi Electronics America itself will become the company's key representative in the US, along with Mitsubishi Consumer Electronics America. The latter is to shut its cellphone assembly plant -- it will rebadge Solectron phones instead. The company's Astronet subsidiary, which develops and markets antenna stations for carphones, will also be closed. Mitsubishi said it had posted an extraordinary loss of Y18 billion for the six months to September to cover the cost of the closures, but the overall expenditure will come to some Y80 billion. ® Click for more stories Click for story index

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.