SEMATECH realigning ops to cut costs

January 17, 2006 – In a move to reduce expenses and tighten focus on its technical programs, SEMATECH is restructuring various support and administrative functions, eliminating about 15% of its cost structure and laying off roughly 80 employees.

The move will streamline operations at the Advanced Technology Development Facility (ATDF) to optimize profitability and reduce costs; backend functions including finance, contracts, and communications will be realigned. The cutbacks will only “minimally impact” technical and manufacturing programs, and will not affect the International SEMATECH Manufacturing Initiative (ISMI) programs or SEMATECH North in Albany, NY.


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