IRVINE, Calif.--Intersil Corp. today (March 29) announced plans to close its semiconductor plant in Findlay, Ohio, which produces ICs for automotive and industrial systems. About 430 people work at the facility.
The Irvine company said the move will enable it to focus more of its resources on wireless access and communications analog markets.
"Our plan to exit our legacy automotive business has been accelerated due to weakening economic conditions and decreased demand for these products over recent months," said Greg Williams, president and CEO of Intersil. "This action, although difficult, will allow us to focus resources on higher growth opportunities within our analog portfolio."
Intersil said it will begin a "phased plant closure process," which is expected to be completed within the next 12 to 18 months.