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Oct 25th, 2012
 
SemiSouth closes its doors for good
 
It was very quiet around the SemiSouth semiconductor plant Monday afternoon.
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The company opened in 2010 with high hopes of maintaining good paying jobs for close to 100 employees.

SemiSouth made silicon carbide semiconductors and was higlighted as one of Mississippi's homegrown technology firms.

But those were better times for the California-based semiconductor manufacturer as company officials have now announced that they are closing the plant's doors for good, costing the company $60 million.

Our attempts to get a comment from a company official were unsuccessful. However, the chief executive officer said in an earlier report that the loss is disappointing, adding that risks are inherent in the company's business.

Meanwhile, officials at Mississippi State Univeristy were disappointed as well.

"We were surprised as everyone else was in regard to the announcement," said David Shaw, MSU's vice president for research and economic development. "It was very sudden. We are certainly hopeful that a solution can be brought forward that would allow some of the employees to be able to retain their jobs."
             
Shaw added the university is in conversations with the company to see what can be done to perhaps help out but he did not want to speculate at this time.

One local economic developer said the loss of the company is a blow to the area.

"They were a great example of a start-up technology company that had their roots right here in Starkville and Mississippi State," said Jennier Gregory, the CEO of the Greater Starkville Development Partnership, "and really experienced some success from the onset. So it's just very disappointing to hear the news. And, of course, we hope we can be a resource to the families that are now looking for jobs."
            
There were 90 employees laid off.

Mississippi State officials said the SemiSouth plant is not formally affiliated with the university but university research led to the company's creation.

 

 
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