- 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 (https://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, https://www.registerguard.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide