The Global Economic Downturn: Electronics Industry Headlines

last updated: 21 May 2009

• HP's profit drops, more layoffs looming - link to story


• Semitool warns all MT employees of possible layoff - link to story at ABC Montana


• National Semiconductor to cut 1,725 jobs - link to story at CNBC


• Spansion cuts 3000 jobs to save $225M - link to story at EDN


• Micron plans to cut as many as 2000 jobs as it ends 200-mm work in Boise - link to story at EDN


• Cisco's profits plunge; 2,000 jobs to be cut - link to story at Mercury News


• Panasonic's poor picture: layoffs, plant closings - link to story at Cleveland Plain Dealer


• Motorola posts $3.6b loss as devices sales fall by 26 percent - link to story at Engadget


• Global Semiconductor Sales Fell by 2.8 Percent in 2008 - link to story at SIA Online


• Ibis Technology to liquidate operations - link to story at Boston Business Journal


• Freescale posts $4B loss, could sell cellular business in piecemeal - link to story at EDN


• Renesas cuts jobs; restructures businesses, management - link to story at EDN


• Hitachi cuts 7,000 jobs worldwide - link to story


• NEC cuts 20,000 jobs, consolidates 6-inch lines - link to story at EDN


• Teradyne announces layoffs, 10% pay cut - link to story at Boston Business Journal


• IBM layoffs reaching 3000, union group claims - link to story at EDN


• ST slashes 4500 jobs, halves capex in $700M savings plan - link to story at EDN


• TI cuts 3400 jobs, no longer plans to sell merchant baseband biz - link to story at EDN


• Semiconductor market to plunge 28% in 2009, says analyst - link to story at Electronics Weekly


• Texas Instruments to cut 1,200 jobs in Dallas-Fort Worth - link to story at Dallas News


• AMD reports $1.4B loss, 35% revenue decline - link to story at EDN


• Qimonda files for insolvency amid global credit crunch - link to story at EDN


• Sun notifies 1,300 people of layoffs - link to story at DailyCamera.com


• Tyco closing two plants, eliminating jobs elsewhere - link to story at PennLive.com


• Intel to shut sites and cut up to 6,000 jobs - link to story at Reuters


• Ericsson reports profit drop, to cut 5,000 jobs - link to story at AP


• Bose Corp. to cut 1,000 jobs - 10 percent of staff - link to story at CBS 3 Springfield


• 900 more jobs cut at Rohm and Haas - link to story at EDN


• Motorola to lay off 4,000 starting immediately - link to story at Engadget


• Seagate Cuts Jobs, Slashes Executive Salaries - link to story at Information Week


• Intel Q4 profit plummets, no Q1 sales outlook given, continues investing - link to story at EDN


• AMD hacks another 1100 employees, cuts executive salaries by 20% - link to story at EDN


• ON Semi lays off 1500, closes plants, forces unpaid time off - link to story at EDN


• Asyst to Lay Off 15% of Its Workforce - link to story at Semiconductor International


• EMC to cut 2,400 jobs; 600 are in Bay State - link to story at Boston Globe


• Intel says Q4 sales will be down 23%, decreases spending - link to story at EDN


• Agilent warns of possible 10% job cut - link to story at PressDemocrat.com


• IBM Notebook: Rumors fly about IBM layoffs in January - link to story at Times Herald-Record


• Agilent to cut 800 jobs in restructure plan - link to story at Reuters


• AMD lays off 100 more than expected - link to story at EDN


• Moto suspends 401 (k) contributions, freezes salaries, cuts CEOs' pays by 25% - link to story at EDN


• Laird cuts over 4,500 jobs as sales slide by 25% - link to story at Electronics Weekly


• Toshiba slashes 30% of NAND production, extends end-of-year shutdowns - link to story at EDN


• 2008, 2009 will be industry's first back-to-back years of declining sales, Gartner says - link to story at EDN


• Agilent Lowers FYQ1 Guidance 7-10 Percent On Fallen Orders, 'Deteriorating' Economy - link to story at ProteoMonitor


• Atmel cuts 275 North America jobs, lowers guidance, plans non-manufacturing shutdown - link to story at EDN


• Gartner: Worst is yet to come - link to story at EDN


• Fairchild cuts 1100 jobs, says strategic R&D projects will not be affected - link to story at EDN


• Mattson cuts more jobs as iSuppli reports 2009 will hit new equipment spending low - link to story at EDN


• Sony to cut more than 8,000 jobs, trim CMOS investment, close 10% of plants - link to story at EDN


• Semi sales fell 2.4% in October, SIA reports - link to story at EDN


• Analysts downgrade several chip company estimates - link to story at EDN


• Tech layoffs may have only just begun - link to story at Semiconductor International


• 2009 equipment sales could hit lows not seen since 2003, Gartner warns - link to story at EDN


• Sun Microsystems to cut up to 6,000 jobs - link to story at Yahoo News


• Applied cuts 1,800 jobs as capital equipment industry preps for harsh 2009 - link to story at EDN


• National Semi cuts 330 jobs on lowered outlook - link to story at EDN


• AMD lays off 500 - link to story at EDN


• Cadence cuts 625 jobs as it looks to save $150M - link to story at EDN


• Nokia cuts R&D jobs - link to story at EDN


• Financial crisis will cost semiconductor market more than $25B in 2009, Gartner reports - link to story at EDN


• Freescale, Motorola lay off on bleak cellular businesses - link to story at EDN


• NAND faces historic downturn in 2008, 2009, iSuppli reports - link to story at EDN


• CSR to cut jobs as sales and profits slide - link to story at Electronics Weekly


• Semiconductor industry can expect 'long, dark season' for OEMs, Gartner reports - link to story at EDN


• Samsung sees chip profits slump 74% in Q3 - link to story at Electronics Weekly


• SanDisk Q3 worse than expected, CEO says layoffs in Q4 - link to story at EDN


• SEMI book-to-bill ratio takes dive in September - link to story at EDN


• Actel lays off 10% of workforce - link to story at EDN


• Qimonda slashes 3,000 jobs, exits 200-mm production, CFO resigns - link to story at EDN


• AMD faces $948M in Q2 charges on layoffs, ATI deal - link to story at EDN


• ON Semi confirms 200 layoffs, fab closure - link to story at EDN


• Siemens cuts 16,750 jobs as it looks to save $1.9 billion - link to story at EDN


• LG Display to cut output by 10 pct in downturn - link to story at topix


• Alcatel-Lucent loses head amid CDMA downturn - link to story at telecoms.com


• Kyocera Q1 falls, main business weak but solar booms - link to story at EETimes


• TI profit falls 4% as cellphone sales weaken - link to story at Y!Finance


• Poor 1H results force Belgacom to lower forecasts - link to story at Wireless-Watch.Community


• Qimonda losing bucket loads of money - link to story at Blocks & Files


• SanDisk Swings to a Loss - link to story at TheStreet.com


• What's next in ATE shakeout? - link to story at Electronics Supply & Manufacturing


• Chip Makers' Woes Spread To Equipment Suppliers - link to story at The Wall Street Journal


• Gartner halves 2008 semiconductor market growth estimate - link to story at EDN


• Estimates lowered on Micron due to weak DRAM, NAND pricing - link to story at EDN


• Apple, Moto, Sony hit by slowdown in mobile phone shipments - link to story at EDN


• Eee PC sales fall short of expectations - link to story at TechSpot


• Kemet cuts 640 jobs as losses mount - link to story at EDN


• Infineon lays off 3,000, reorganizes divisions - link to story at ARN


• Hynix to Close Eugene Fab; Other 200 mm Fabs May Shut - link to story at Semiconductor International


• Gartner warns of 2008 semi industry downturn - link to story at EDN


• iSuppli trims 2008 semi revenue forecast on economic fears, memory oversupply - link to story at EDN


• IBM lays off 180 - link to story at EDN


• Xilinx cuts 250 jobs - link to story at EDN


• Motorola cuts 150 jobs from R&D - link to story at EDN


• DRAM Q1 losses could signal bottom of cycle, iSuppli says - link to story at EDN


• ST, Moto, Qimonda, Spansion record significant losses - link to story at EDN


• Demand-driven downturn possible in 2008 - link to story at EDN


• Gartner cuts semi equipment forecast to -22.4% - link to story at EDN


• Electronics sales turn cautious, IPC reports - link to story at EDN


• IBM announces pay cut - link to story at recordonline


• HP to cut 24,600 jobs in EDS integration - link to story at Mercury News
• Semiconductor orders continue downward trend - link to story at Semi
• LTX-Credence plans layoffs, facilities closures - link to story at EDN
• Nvidia cuts 360 jobs - link to story at EDN
• Keithley cuts 5% of workforce - link to story at EDN
• EBay Cutting 10% of Jobs, Buys Bill Me Later, Ads - link to story at Bloomberg
• U.S. Stocks Decline, Dow Industrial Average Falls Below 10,000 - link to story at Bloomberg
• Semi equipment demand not expected to recover until 2010, Gartner reports - link to story at EDN