ZDNet UK


Skip to Main Content

ZDNet.co.uk - Winner of Best Business Website 2007
  1. Home
  2. News
  3. Blogs
  4. Reviews
  5. Prices
  6. Resources
  7. Community
  8. My ZDNet

 

ZDNet UK RSS Feeds


IT Jobs

Processors Toolkit

MIPS cuts a third of staff

John G. Spooner CNET News.com

Published: 16 May 2003 14:09 BST

  • Email
  • Trackback
  • Clip Link
  • Print friendly
  • Post Comment

Chip creator MIPS Technologies plans to cut about one third of its staff, part of a restructuring plan announced on Thursday.

The California-based chip designer, which creates and licenses processors and related technologies, said it would eliminate 60 full-time and contract employees in an attempt to return to profitability by the end of this year.

MIPS chips are used in a broad range of products such as set-top boxes, PDAs (personal digital assistants), networking gear and smart cards. Many chipmakers, such as Advanced Micro Devices, Motorola, Philips Electronics and Toshiba, have at least one MIPS licence.

But the company said it must tighten its belt, due to the current economic environment and a string of quarterly losses in its 2003 fiscal year. Along with cutting jobs, the company plans to reduce other expenses and abandon its business for custom developing processors.

Under that business, MIPS created special processor cores for some customers. It expects to wrap up these projects by the end of September.

"The aggressive expense reductions we are implementing today should return us to profitability and better position us to sustain that profitability in the long term," Casey Eichler, MIPS' chief financial officer, said in a statement.

MIPS, which was once part of computer maker SGI, said it would continue developing its standard processors and related technologies.


See Chips Central for the latest headlines on processors and semiconductors.

Let the Chips Central editor know what you think by email. And sign up for the weekly Chips Central newsletter.

  • Email
  • Trackback
  • Clip Link
  • Print friendly Print with Dell

Did you find this article useful?
47 out of 83 people found this useful


Full Talkback thread

0 comments


Company/Topic Alerts

Create a new alert from the list below:







Related Jobs

Are you an HTML Expert? If so we have an ideal opportunity! Thames V

In return they offer a rewarding salary and valuable experience on some major company projects so if you want to take your HTML skills further then ...

SAP Logistics Solution Consultant

IBM is committed to developing leading industry based methods, tools and templates to accelerate implementation and maximise return on investment. We ...

PRINCIPAL DESKTOP SUPPORT OFFICER

Job Title: PRINCIPAL DESKTOP SUPPORT OFFICER Salary: (27,594 - 29,728 per annum) Location: Gloucestershire, South-West The Forest of Dean is one of ...

Discussions

319762 319762

Eve of Distraction

Saturday 26 July 2008, 4:37 AM

1 comment
harpless harpless

SAP goes big business

Friday 25 July 2008, 6:17 PM

1 comment