Closure of Orbotech Division Triggered by Apple and US-China Tensions
Monday, 25 March 2024, 22:21
Orbotech Division Closure
Following the acquisition by KLA, Orbotech's flat panel display division faces imminent closure.
Layoffs and Projections
- Initial layoffs of 100 employees with expectations to double by year-end.
Apple and US-China tensions have played a significant role in this outcome, as strategic adjustments are made in response.
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