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DigitalOptics Refocuses on MEMS, Drops Vertical Integration

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SAN JOSE, Calif., March 21, 2013 — DigitalOptics Corp. (DOC) will consolidate its manufacturing capabilities in Taiwan, cease operations in its leased facility in China and terminate its lens manufacturing program as part of a refocusing strategy announced by parent company Tessera Technologies Inc. In November, the company announced that it was ceasing operations at its sites in Tel Aviv and in Charlotte, N.C., axing 40 percent of its workforce in the process. The restructuring is expected to reduce operating expenses and corporate overhead by approximately $78 million, or 45 percent, on an annualized basis for 2013, as...Read full article

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    Published: March 2013
    AmericasAsia-PacificBusinessCaliforniacamerasChinaDigitalOpticsDOCImagingindustrialJohn S. ThodelensesMEMSmems | cam technologyNovellus SystemsOpticsrefocusing strategyRichard S. HillTaiwanTessera Technologies

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