Semtech to Close Wafer Plant

Semtech Corp., which makes semiconductors for computers and communications equipment, will shut its last wafer plant as part of a plan to get all its silicon wafers from outside sources by the end of the year.

Semtech said the Corpus Christi, Texas, facility would be closed within the next nine months but didn’t indicate how many jobs would be affected.

Semtech shares fell 41 cents to $33.74 on Nasdaq.