Closure of Orbotech's Flat Panel Display Division: Apple and US-China Tensions Impact
Wednesday, 20 March 2024, 15:40
Orbotech's Flat Panel Display Division Closure
The closure of Orbotech's flat panel display division, acquired by U.S. company KLA, is a result of escalating tensions between Apple and the US and China.
Initial Layoffs Expected to Double
The initial number of 100 layoffs due to the closure is anticipated to double by the end of the year as a direct consequence of the current situation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.