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BRIEF-Rubicon Technology shutdown of Penang facility

Sept 13 Rubicon Technology Inc

* Shutdown of Penang facility will result in workforce reduction of approximately 145 employees

* Severance costs estimated to be about $870 thousand and are expected to be recognized in Q3 with majority of cash payments made in Q4

* Expects to record non-cash charge of between $7 - $10 million for write-down of fixed assets Source text: [bit.ly/2coqkjN] Further company coverage:

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