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Monthly Archives: September 2004

Inventory hits jobs at Agere

Compounding semiconductor market worries expressed by Intel, Samsung and Philips, Agere Systems is to lay off 500 employees citing problems of excessive inventory in the industry. “The issues we faced with three major customers now seem to have broadened into an industry-wide inventory correction,” said John Dickson, Agere CEO. Earlier this week Philips Semiconductors said its book to bill ratio ...

Welsh start-up wins £10m fund

A start-up company has raised £10m to set up an electronic device manufacturing business in North Wales. Bangor-based DeepStream has developed a manufacturing process to produce a range of intelligent sensors to measure current, voltage and temperature in a novel type of robust and small package. The company plans to be in volume production early next year and has already ...