Tessera unit to close facility in Tel Aviv, cut jobs

Wed Nov 14, 2012 7:31am EST

Nov 14 (Reuters) - Chip technology developer Tessera Technologies Inc said its subsidiary DigitalOptics Corp will shut operations in Tel Aviv and cut some jobs, and that the unit is also seeking a possible sale of its facility in North Carolina.

DigitalOptics plans to reduce its workforce by up to 40 percent, excluding manufacturing operations in Zhuhai, China, Tessera said in a statement.