Roseville's computer chip manufacturer, Telefunken Semiconductors, announced a major expansion today.
Telefunken said it has begun an expansion that will double the plant's capacity by the end of 2014.
Duke Walton, the company's vice president for sales, said the project is the build-out that was forecast more than a year ago, when Telefunken bought the plant from Renesas.
"This is the expansion that was promised back then," he said.
That project got delayed by a major financial scandal. The company sued two of its top former officers, accusing them of siphoning off more than $20 million to support a semiconductor plant they controlled in Germany. The alleged fraud left the company in serious financial stress and led to the layoffs of about 85 workers in September.
The suits were settled. Among other things, the two men forfeited their control of the German plant to the Roseville company.
Telefunken has been able to turn itself around, partly because some rival chip makers in Silicon Valley have closed their doors.
Walton said he didn't have immediate information on how many jobs would be created by the expansion. The plant currently employs around 500 workers.
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