View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 28, 1997updated 05 Sep 2016 1:01pm

NATSEMI TO RETAIN FAIRCHILD MINORITY AFTER RECAPITALIZATION

By CBR Staff Writer

National Semiconductor Corp yesterday signed an agreement to sell the odds and ends of businesses that it shunted off into its new Fairchild Semiconductor Inc unit to a group that includes Fairchild Management and Sterling LLC, a Citicorp Venture Capital Ltd investment portfolio company. The group will lead a $550m recapitalization of Fairchild Semiconductor and NatSemi will retain a minority equity interest. After the sale, NatSemi will have 12,300 employees and will continue to operate wafer fabrication facilities at Santa Clara; Arlington, Texas; and Greenock, Scotland; as well as the new 8 0.35-micron wafer fab at South Portland, Maine. Fairchild will employ 6,400 and will be headquartered in South Portland, Maine, with memory and discrete product groups located in Santa Clara. It will operate 4, 5 and 6 wafer fabs in South Portland and a 6 fab in West Jordan, Utah.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU