SANTA CLARA, Calif—Chip maker National Semiconductor Corp. said Tuesday it will eliminate approximately 130 jobs, primarily in product line and support roles.
It said the layoffs were part of its plan to increase sales by focusing on key products.
In the current fiscal fourth quarter, which ends May 25, National expects to record approximately $10 million of charges, primarily for severance.
The vast majority of the charge relates to the new layoffs, the company said, while a small amount relates to the company's factory modernization announced Jan. 21.
National, which currently employs about 7,300 people worldwide, is scheduled to announce its fourth-quarter financial results June 5.
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