Fairchild to sell Penang factory, 1,000 set to lose jobs

Fairchild Semiconductor's factory in Bayan Lepas. Fairchild is selling the property as the company is winding down operations in Malaysia. About 1,000 set to lose jobs. - Chan Boon Kai/The Star

GEORGE TOWN: Fairchild Semiconductor International Inc, known as National Semiconductor when it first came to Malaysia in 1972, is selling its manufacturing facility in the Free Industrial Zone (FIZ), Bayan Lepas as part of its worldwide realignment exercise. About 1,000 people will lose their jobs.

The plant, currently operating with about 500 full-time staff, is expected to close by the end of the year.

The San Jose, California headquartered company announced last August that it would cease operations in West Jordan, Utah, Penang, and Bucheon in South Korea.

The changes are scheduled to take effect between the second and fourth quarter of this year.

The closure may affect around 15% of Fairchild’s global workforce of 9,000 employees.

It is learnt that there are two multinational corporations – one from Germany and the other from the United States – which are interested to acquire the property located on over 20 acres. Sources told StarBiz that one of the MNCs, involved in manufacturing medical devices, is keen to buy the property to expand the company’s operations in the state.

The property has been valued at between RM200 and RM300 per sq ft.

Fairchild Semiconductor was one of the eight comnpanies that set up operations in Penang in the 1970s, together with Advanced Micro Devices (AMD), Hewlett Packard (now called Agilent Technologies), Clarion, Intel, Hitachi (now called Renesas), Litronix (now called Osram Opto Semiconductor) and Robert Bosch.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , davidtan , fairchild , penang , jobs , lose , national , semiconductor , shares , stocks ,


Next In Business News

Wall St heads for lower open on rate hike worries
Pharmaniaga 2Q net profit tumbles 95% to RM722,000
Carlsberg 2Q net profit more than double to RM89mil, declares 22 sen dividend
AirAsia X posts RM652.51mil net loss in 4Q
Ringgit slides as US dollar soars across markets
Sapura Energy to dispose of three drilling rigs for US$8.2mil
Inari cautiously optimistic on prospects
TNB, PETRONAS sign MoU for carbon-neutral aspirations
Wahid: Foreign shareholding remains above 20%, but not at pre-pandemic level
Bursa Malaysia closes broadly lower on continued profit-taking

Others Also Read