Actel Corporation Announces 10% Reduction in Force to Improve Operating Results and Promote Profitability
Mountain View, Calif. – October 16, 2008 – Actel Corporation today announced a 10 percent reduction in force to improve its operating results. Approximately 60 positions were eliminated.
Together with other cost-saving measures to be initiated during the fourth quarter of 2008, the company anticipates that the reduction in force will decrease quarterly operating expenses by approximately $2.5 million. Operating results for the fourth quarter of 2008 will be adversely affected by accounting charges related to the reduction in force, which the company currently estimates will be about $3 million.
About Actel
Actel is the leader in low-power and mixed-signal FPGAs, offering the most comprehensive portfolio of system and power management solutions. Power Matters. Learn more at www.actel.com.
Related Semiconductor IP
- Band-Gap Voltage Reference with dual 2µA Current Source - X-FAB XT018
- 250nA-88μA Current Reference - X-FAB XT018-0.18μm BCD-on-SOI CMOS
- UCIe D2D Adapter & PHY Integrated IP
- Low Dropout (LDO) Regulator
- 16-Bit xSPI PSRAM PHY
Related News
- Actel and Gaisler Research Soar With RTAX-S Aerospace Microprocessing Platform
- Avnet Memec Releases Actel ProASIC3 Evaluation Kit
- ACTEL Corporation Licenses ARM Cortex-M3 Processor
- Actel Hires Semicondutor Industry Veteran for Key Marketing Role
Latest News
- SEMI Reports Worldwide Silicon Wafer Shipments Increase 13% Year-on-Year in Q1 2026
- POLYN Technology Announces Tapeout of Automotive Chip
- QuickLogic Establishes New Banking Relationship and Secures $10 Million Revolving Credit Facility
- TES is extending its PMU IP portfolio for X-FAB’s XT018 - 0.18µm BCD-on-SOI technology.
- RF Front-End Modules & Components IP Trends – Q1 2026 Monitoring Release