October 12, 1993 |
Camarillo-based Vitesse Semiconductor Corp. says it has started shipping large quantities of its gallium-arsenide timing chips to Teradyne Inc. in Agoura Hills. The units will be used in devices that test newly-produced semiconductors. Bob Nunn, a Vitesse vice president, declined to place a dollar amount on the deal, but predicted that it and similar sales will prove "quite significant" for the Camarillo firm.
August 30, 1996 |
Teradyne to Take Pretax Charge, Cut 300 Jobs: The Boston-based maker of automatic test equipment and connection systems for the electronics and telecommunications industries said it will take a pretax charge of as much as $12 million in the second half of the year to eliminate 300 jobs, because of slower sales in the semiconductor industry. Teradyne Inc. said the charge, which will pay for an extended benefits package, will range from $10 million to $12 million, or 7 cents to 8 cents a share.
September 15, 2001 |
Teradyne Inc., the biggest maker of semiconductor-testing equipment, said it will cut 1,000 jobs, or 11% of its work force, and reduce some employees' pay as the chip-equipment industry works through its worst sales slump. Salaries of higher-paid employees will be reduced as much as 15%, though salaries of lower-paid workers won't be cut, the Boston-based company said. In the second quarter, Teradyne reported its first loss in 10 years.
June 26, 2000 |
Teradyne Inc. is the world's biggest maker of semiconductor-testing equipment, but it's Teradyne's investors who are going through the wringer lately. The Boston-based company, whose largest plant is in Agoura Hills in the Conejo Valley, had enjoyed a surging stock price until early May.
March 25, 1990 |
The computer industry has been slumping for a year now. But Gary Cheek, engineering manager at a state-of-the-art semiconductor plant here, has a dream: a whole new manufacturing plant to match two already in operation. The cost? A cool $100 million. It's not as unrealistic as it sounds, because computer companies are not the firm's only market. Cheek's company, Analog Devices Inc.