Known for its controllers PC era company Marvell Technology announced this week that it begins restructuring aimed at optimizing the resources used for the development of solutions for mobile devices. Priority will be given to the automotive segment, Internet of things and network equipment. The restructuring will allow annual savings of $ 170 to $ 220 million. At the level of operating expenses.
About 17% of the state will have to cut worldwide. On the payment of severance benefits will cost $ 45-55 ml., Debt stock balance will bring a loss of $ 25-35 ml, Write-off of assets and equipment subtract another $ 30-40 million. Total restructuring will cost $ 100-130 million.