It may sound incredible on the other side of the Ocean, but France != Germany !
(the even was a small fight beetween them a few years ago)
But it has nothing to do with this fact, here. The foundry was sold to LFoundry which made a subsidiary out of it. This way they can take the good out of it (running orders) and then place it under bankruptcy when they don't need it anymore.
This way they don't pay the collective (or individual) redundancy plan, not even the last month salaries: those will be paid by french salary insurances (AGS).
Inetersting story Peter...but why why would it be easier for Germans to close the fab than for French? I would think labour regulations would be equally stringent...if they sold to China that would be a different story
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.