Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | August 06, 2008

Semtech's Mexican plant damaged by fire

Semtech reported a fire on July 31st, at its Reynosa, Mexico fabrication facility. This facility services the company’s Power Discrete business unit
Fortunately there were no reported injuries from the fire; however, there was partial damage to the facility along with some loss of equipment. Management is implementing its recovery plan and expects to resume all operations within eight to nine weeks.

The fire will have no impact to the company’s second quarter fiscal year 2009 revenues. At this time it is estimated that the fire will have less than a one million dollar impact on third quarter fiscal year 2009 revenues. The company currently estimates a two to three million dollar impact on fourth quarter fiscal year 2009 revenues.

Further updates on the impact to business will be disclosed during the Company’s second quarter earnings call later this month.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
February 08 2018 5:15 pm V9.2.4-1