Semiconductor maker Onsemi downsizing local R&D, office presence - Silicon Valley Business Journal

  • 📰 svbizjournal
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 59%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

One of the world's largest semiconductor makers is scaling back its Bay Area presence.

Global semiconductor manufacturer On Semiconductor Corp. is offloading nearly 300,000 square feet of office and manufacturing space as it moves some roles out of the Bay Area and centralizes local operations in a smaller facility in San Jose.

This week Onsemi filed a mass layoff notice with the state saying it would permanently shutter its San Jose Solution Engineering Center, located at 1704 Automation Pkway, in mid-November and cut all 88 employees. It's unclear how many of those employees, if any, will transition to roles at Rose Orchard Way.

Onsemi is about halfway through a one-year lease in Santa Clara for its largest local R&D space — spanning two parcels and about 110,000 square feet at 2975 and 3001 Stender Way — which it had also previously owned. Onsemi sold those facilities to an affiliate of Gem Realty Capital and Lincoln Property Co. in March for $34 million. Cushman & Wakefield represented both the buyer and seller in that deal, and Onsemi continues to occupy the buildings as part of the lease-back agreement.

Onsemi is also approaching the end of its lease at its North San Jose facility on Automation Parkway which spans two stories and 85,270 square feet as part of a 5.6 acre site in the International Business Park. It was scooped up by its current owner, a Fremont-based group associated with Nautilus Global Investment,At the time wireless Internet service provider Quantenna Communications Inc. announced a seven-year lease agreement for that building. The company was later acquired by Onsemi in 2019.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 334. in RU

Россия Последние новости, Россия Последние новости