IMP Inc. To Expand Fab Operations in India
IMP Inc. (San Jose, CA) reports plans to expand its fab operations in India to produce six-inch wafers. The analog IC firm also denied recent rumors which claimed that the company planned to close down or move from its San Jose facilities.
“Our intent has never been to shut down or move any of our operations in San Jose," said Subbarao Pinamaneni, IMP's chairman, in a statement. He commented further, “In fact, with the recent capacity expansion and upgrades and fresh injection of capital into IMP operations, IMP is poised to expand its share of business. I repeat that there is no move to change the status of our operations in San Jose."