Feeds

Siemens finally gets shot of UK fab

Atmel and UK Govt come up with the readies

  • alert
  • submit to reddit

As reported by The Register over a week ago, Siemens looks to unload UK chip plant, US wireless communications chip maker Atmel has agreed to take over Siemen's North Tyneside chip plant, mothballed since 1998.

Atmel has secured a £28 million grant from the UK Government and is believed to be paying Siemens around $35 million in the deal which could also see Atmel invest a further £700 million in the plant. Up to 1,500 jobs could be created in the move.

It is not known if HM the Queen will be asked back to open the plant for a second time. ®

Related stories

Siemens looks to unload UK chip plant
Siemens to repay UK grant
Siemens to spin off chip business
End of the line for Siemens MBO hopes
German company Siemens owes Brits £50 million
Siemens Tyneside plant 'saved' by Chinese
Siemens prepares to rid itself of semiconductor business
Siemens blames IMF-backed Koreans for DRAM closure
Siemens steps up attempt to sell fab

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.