Cypress Semiconductor Corp, San Jose is having to restructure to improve its manufacturing cost-effectiveness, at the cost of another 400 US jobs. It says that based on the cost reduction it has achieved in transferring 75% of assembly and test to Bangkok, Thailand, it would transfer the rest of its production to Bangkok over the next six months, enabling further cost reductions and facility consolidations at its San Jose site. All wafer fabrication at San Jose will transfer to the Minneapolis plant, leaving it with just two fabs, the other being in Texas. Research and process development will remain in a scaled-down San Jose facility. It is also to pay Advanced Micro Devices Inc $4.25m to settle a four-year suit. It also gets licences to 22V10-type programmable logic devices and Am9116 16-bit bit-slices.
