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National Semiconductor to shrink manufacturing infrastructure 22-01-08

National Semiconductor is disposing of certain manufacturing equipment and reducing staff at its wafer fabrication facilities. National will eliminate approximately 200 positions and incur a charge of approximately $20 million, of which roughly $12 million is related to severance costs for the eliminated positions, approximately $7 million is related to the impairment and disposal of manufacturing equipment, and about $1 million is related to contractual and other obligations. Most of the charges described above will be recorded in the current fiscal third quarter of 2008. National’s three wafer fabrication facilities are located in Arlington, Texas; Greenock, Scotland; and South Portland, Maine. Most of the 200 eliminated positions are in Arlington and Greenock. The company currently employs approximately 7,600 people worldwide, with more than 400 employees each in Arlington and Greenock and more than 500 employees in South Portland.

 
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