Computer chip factory sale could save Ore. jobs
Tuesday, August 30, 2011
HILLSBORO, Ore. (AP) -- This week's announcement that Alpha and Omega Semiconductor Ltd. plans to buy an Integrated Device Technology Inc. computer chip factory could save hundreds of jobs at the plant in the Portland suburb of Hillsboro.
Alpha and Omega plans to pay $26 million for the plant, which The Oregonian reports was due to close this year. The incoming company will make its own semiconductors at the site, which employs 275 workers.
OAS Chief Financial Officer Ephraim Kwok says, "They are skilled engineers and we intend to retain most of them."
The newspaper reports the two companies expect to reach a final sale agreement by the end of this year and to close the deal by January.
Information from: The Oregonian, http://www.oregonlive.com