Microsemi To Shut Plant

Irvine-based Microsemi, a manufacturer of mixed signal integrated circuits, reported Wednesday that the firm will shut a manufacturing facility it runs in Scottsdale, Arizona. The firm said the move will save it from $20M to $25M annually. According to the firm, it is targeting the shutdown of the plant by April of 2011. The company did not say how many employees would be affected by the move, however, it said it would transfer the remaining product lines at that plant to its other facilities.