RF Micro to outsource 70 employees
RF Micro Devices Inc. said Wednesday that it is outsourcing a unit of wafer production, and 70 local employees, to an English supplier of advanced semiconductor wafers.
RF Micro, based in Greensboro, said its molecular beam epitaxy (MBE) wafer-growth facility is being taken over by IQE plc. IQE valued the equipment and building involved in the transfer at $27 million.
The transaction is expected to close within a few days, the companies said ... [more]
‘Newton outsourced fund will help IFAs’
A spokesman for BNY Mellon said the fund offered an outsourced solution that would give advisers access to other Newton funds and give them more time for financial planning.
She said: “As the investment advice market is evolving, the outsourcing of a client’s investments is a chance for advisers to redefine the way they work, devolving responsibility for asset allocation and sector-specific decisions to an experienced investment professional...[more]
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