- Associated Press - Wednesday, November 2, 2016

EUGENE, Ore. (AP) - A tech company has abandoned its plan to revive a former semiconductor plant in Eugene and says it will sell the shuttered property instead.

The Register-Guard reports (http://bit.ly/2e2U5dy ) that Broadcom spokeswoman JP Clark said Tuesday that the company no longer plans to use the former Hynix plant for its wireless semiconductor business, but declined to say way.

Broadcom executives bought the plant last year and said they planned to employ about 229 people to manufacture silicon chips for cellphones beginning in September 2019.

The company has struggled with financial losses and heavy debt recently. It’s also facing slowing global demand for smartphones.

Hynix made computer memory chips and was one of the area’s largest private employers before closing in 2008.

___

Information from: The Register-Guard, http://www.registerguard.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide