Microsemi Shutters Chinese Factory

Aliso Viejo-based semiconductor developer Microsemi said on Tuesday that it has closed its manufacturing facility in China. According to the company, the "lower value" discrete devices which were manufactured at the facility are "not aligned" with its strategic direction. Microsemi did not detail which devices in its lineup were being manufactured at the plant, but said that its customers have been notified and the process of closure is under way. The company said there will be no material impact on its earnings due to the closure.