Intel to lay off 800 workers in Colorado
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(InfoWorld) - Intel plans to lay off 800 workers from a chip-making plant in Colorado by August, after Marvell Semiconductor began ordering those parts from another supplier, Taiwan Semiconductor Manufacturing Co. (TSMC). Intel and Marvell have done business since June 2006, when Marvell bought Intel's XScale communications chip division and its 1,300 workers for $600 million. The sale was one component of Intel's sweeping corporate reorganization that also included the layoff of 10,500 employees. Marvell now sells thoseÂ Monahans chipsÂ to vendors of mobile phones, smartphones, and other consumer electronics handsets that use the processors to handle multimedia and mobile Web browsing, telephony, and GPSÂ navigation. Intel learned of Marvell's decision to find a new supplier around January and warned its workers that month that it planned to sell the Colorado Springs plant, said Intel spokesman Chuck Mulloy. He declined to say how much revenue Intel will lose when the contract ends. Intel plans to offer severance packages to its workers beginning in early August. The company also applied for a federal grant to help those workers learn new skills and find jobs, but the U.S. Department of Labor denied the request, he said. Now Intel is appealing the government's action and asking the department to reconsider its decision to withhold a grant from its Trade Adjustment Assistance (TAA) program. Under the TAA, the U.S. government gives aid to workers who lose their jobs through increased imports, providing them training, job search, and relocation allowances. Intel will continue to supply some components to Marvell from different plants, such as a facility in Santa Clara, Calif. Mulloy declined to say how many of its workers were employed making Marvell parts at that plant. Marvell confirmed it was shifting the business toÂ TSMC, saying its agreement with Intel had been created to last only through the transition of acquiring the cellular and handheld group. "TSMC is definitely the primary fab for us. It was never a long-term plan for Intel to keep manufacturing those chips," said Marvell spokeswoman Diane Vanasse. Marvell is struggling with its own problems, including a delisting threat by the Nasdaq stock exchange for failing to file quarterly reports for the last two terms of 2006, or its 2006 annual report. The company is also restating past results, after finding in May that CEO Sehat Sutardja and other top executives hadÂ illegally backdated stock optionsÂ to increase their value.
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Computer Associates International Inc., the software maker operating under government oversight after an accounting scandal, will fire 800 workers, or 5 percent of its employees, as the company trims its product line.
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Intel Corp. , the world's largest maker of computer chips, said on Wednesday it would double its quarterly dividend to 8 cents a share, the second time this year it has doubled its cash payout.
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Cirrus Logic Inc., a maker of microchips for consumer electronics, on Wednesday said it will lay off 7 percent of its employees to save $2 million to $3 million per quarter, with expense reductions starting in its third quarter.
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Intel Corp. , the world's largest computer chipmaker, on Thursday said Chief Executive Craig Barrett plans to step aside and be replaced by President Paul Otellini, in a long-planned move.
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Intel Corp. , the world's  biggest microchip maker, may cut up to 10 percent of its work  force as early as next Tuesday, a technology news site said on  Thursday, citing sources familiar with the plans.
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Intel Corp.  said on  Tuesday it will cut a total of 10,500 workers, or 10 percent of  its workforce, by the middle of next year, as part of a  restructuring aimed at making the world's biggest chipmaker  more competitive.
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Intel Corp. INTC.O said on   Tuesday it will cut a total of 10,500 workers, or 10 percent of   its workforce, by the middle of next year, as part of a   restructuring aimed at making the world's biggest chipmaker   more competitive.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest maker of computer chips, said on Wednesday it would double its quarterly dividend to 8 cents a
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Intel Corp. says it is stripping out the tiny amount of lead still contained in its chips.
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Computer Associates International on Wednesday announced it will shed 800 employees from the company&#39;s worldwide workforce, saving $70 million a year in the process.
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Intel Corp. INTC.O said on   Tuesday it is cutting 10,500 jobs, or about 10 percent of its   work force, as part of a plan by the world's biggest microchip   maker to become more competitive.
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Intel executives are expected to reveal the results of an internal evaluation that could include layoffs of thousands of employees.
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By Laurie J. Flynn  Dell said it would lay off 10 percent of its 88,100 employees over the next 12 months as it tries to increase profit.
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Software maker Computer Associates  CA.N on Wednesday said it would cut 800 jobs, or 5 percent of  its work force, to pare costs amid stiff competition in  software and services.
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By Marina Emmanuel  A BROAD restructuring exercise by the world's biggest chipmaker, Intel Corp, is likely to result in the closure of the company's Cyberjaya site in Malaysia.
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Intel Corp., the world's largest  maker of computer chips, said on Wednesday it would double its  quarterly dividend to 8 cents a share, the second time this  year it has doubled its cash payout.