Closure of Orbotech's Flat Panel Display Division: Apple and US-China Tensions Impact

Wednesday, 20 March 2024, 15:40

The closure of Orbotech's flat panel display division, five years after being acquired by U.S. company KLA, is directly influenced by the escalating tensions between Apple and the US and China. Initially, 100 layoffs were expected to occur, but this number is projected to double by the end of the year due to the repercussions of the situation.
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Closure of Orbotech's Flat Panel Display Division: Apple and US-China Tensions Impact

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.


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