Cadence announced the commencement of a restructuring program. Upon completion of the restructuring, the company expects to achieve annual operating expense savings of at least $150 million through a combination of workforce and other expense reductions. The company expects to eliminate at least 625...

Anadigics it is implementing cost reduction measures across the company that include the elimination by the end of this week of about 100 jobs, which is approximately a 15% reduction in its workforce worldwide. "With the reduction in workforce and other identified cost reduction actions in proc...

Intersil announced that due to current economic conditions, it is taking steps to improve its competitive position, including a 9% reduction of its global workforce. Including the previously announced consolidation of the company's Palm Bay, Florida fabrication facilities, which will conclude during...

Lattice Semiconductor announced that Stacy Fender has joined the company as its Corporate Vice President of Worldwide Sales. Fender was most recently Managing Director, Asia Pacific for Xilinx, and during 13 years with that company held several senior executive management positions spanning sales, o...

Maxwell Technologies reported revenue of $21.7 million for its third quarter ended September 30, 2008, an increase of 53 percent over the $14.2 million recorded in the same period in 2007. Net loss for Q308 was $5.7 million, compared with $2.6 million in Q307. The Boostcap ultracapacitor revenue inc...

Keithley Instruments announced results for its fourth quarter and year that ended September 2008. Net sales of $33.1 million for the fourth quarter of fiscal 2008 decreased nine percent from the prior year’s fourth quarter sales of $36.3 million. The effect of a weaker U.S. dollar positively impacte...

Ultralife will acquire certain assets of U.S. Energy Systems, and its services affiliate, U.S. Power Services, a standby power installation and power management services company headquartered in Riverside, California. The purchase includes all tangible assets, intellectual properties and operations ...