News from Cirrus Logic
<A HREF="http://www.cirrus.com"> Cirrus Logic</A> has initiated cutbacks in its workforce and other cost-reduction moves that are expected to save as much as $12 million annually. The Austin, TX–based semiconductor company stated May 15 that the measures are part of a general restructuring of its business model, in which its magnetic storage chip business will be de-emphasized in favor of its semiconductor business. Cirrus is the parent company of Crystal Semiconductor, maker of many high-performance digital audio chips.