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SAN MATEO, CALIF. - Beset by heavy losses, chip makers Integrated Device Technology Inc. and PMC-Sierra Inc. will lay off a total of 580 employees, the companies said last week.
For IDT (Santa Clara, Calif.), its 230 layoffs include about 130 in manufacturing, already hit by job cuts in June, with the rest falling "across the board," said Dave Cote, an IDT vice president. IDT employs 4,100. PMC-- Sierra (Burnaby, B.C.) will layoff 350 of its 1,475 employees.
The job cuts come amid reports...