NXP could lose $100 million due to weather shutdown of Austin plants

NXP Semiconductors could lose $100 million in revenue from the shutdown of its Austin chip-making operations due to last month’s winter storms. Its two Austin fabrication plants are back up and running nearly a month after they lost power during statewide outages when sub-freezing temperatures swept across the state. A number of Austin’s largest industrial power users – including NXP and Samsung –were ordered by the city to idle or shut down their operations the week of Feb.15. The semiconductor companies had power restored last month, but have not been operational for weeks following the shutdown. Samsung, which is the biggest electricity user on Austin Energy’s power grid, has not yet resumed full operations at its Austin fabrication facility – a situation that industry experts say could be costing the technology giant millions of dollars.

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