Feeds

Europe's largest independent chip foundry founders

Newport Wafer fab calls in receivers after banks call in parent's debt

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Newport Wafer Fab Ltd (NWL) has become the latest UK-based chip plant to be threatened with closure by the intense competition in the semiconductor market. NWL went into administrative receivership last week -- administrator Price Waterhouse will run the company while it seeks a buyer. The chip maker, the largest independent foundry in Europe, claimed the decision to call in Price Waterhouse had been made when banks called in loans owed by NWL's Hong Kong parent, QPL International Holdings. The news follows concern over the future expressed last month when it emerged that NWL was considering a raft of jobs cuts (see NWL cuts could affect Wales). At that time, chief executive Steve Byars said the business was "fundamentally sound". That statement, plus a recent cash injection of £230 million, suggests the closure is more about QPL's problems than the plant's. NWL's plant currently employs around 550 people. It runs 1.5-micron and 0.35-micron CMOS processes and an 8in wafer line. NWL was formed in 1992 out of QPL's buyout of a former Inmos plant. ®

Internet Security Threat Report 2014

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.