Freescale to Close Fabs in Japan and France

TOP STORY... April 23, 2009

Freescale Semiconductor will close two 150 mm fabs, in Sendai, Japan, and Toulouse, France. The closure of the East Kilbride, Scotland, fab is expected to be complete soon, leaving Freescale with three 200 mm fabs. With fab utilization at 37%, Freescale will spend only ~$20M per quarter on capital expenditures over the next few quarters. "We have the opportunity to keep capex at very low rates over the next year or two," CFO Alan Campbell said. 
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