Item 2.05. Costs Associated with Exit or Disposal Activities
On March 26, 2009, we announced plans to streamline and consolidate our wafer
manufacturing process by closing our wafer fabrication plant in Mountaintop,
Pennsylvania and one of our wafer fabrication plants in Bucheon, South Korea. We
announced that we expected to complete these actions by June 2010. As a result
of increased demand for products manufactured at these facilities, we now expect
to complete these actions during the fourth quarter of 2010. We do not
anticipate that this extension will have any significant impact on the cash and
non-cash charges we originally planned or upon the annualized rate of cost
savings that we expect to achieve once these closures are completed.
