Seagate joins rush to sell chip plants

Seagate Technology has put its Livingston semiconductor plant up for sale. The US company said that with the downturn in the semiconductor market, it was no longer financially prudent to operate the facility, which employs about 300 people. Seagate employs 86,000 people worldwide. Livingston is the only part of Seagate’s global operations that designs and […]

Seagate Technology has put its Livingston semiconductor plant up for sale.

The US company said that with the downturn in the semiconductor market, it was no longer financially prudent to operate the facility, which employs about 300 people. Seagate employs 86,000 people worldwide.

Livingston is the only part of Seagate’s global operations that designs and makes microchips used in Seagate’s main products disc and tape drives. ‘The Livingston business is not core to the group’s main activities,’ said a spokesman.