Cirrus, IBM rejig JV
IBM takes over MiCRUS
In a bid to reduce its costs, Cirrus Logic said today that it will cut its fab operation and allow its partner IBM to take over full control of its MiCRUS silicon joint venture. According to David French, CEO of Cirrus, eliminating the fixed market costs of the fab will allow his company to operate more efficiently. Cirrus will take a one time restructuring write-off in its current fiscal quarter ending 26 June. IBM will take over the fab, based in East Fishkill, NY. ®
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