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International Rectifier To Close El Segundo Plant

socalTECH

El Segundo-based International Rectifier , a developer of analog and power ICs, said Wednesday that it is shutting its El Segundo, California fabrication facility, and laying off staff. The firm said the closure in El Segundo will save it approximately $10M a year when complete. READ MORE>>.

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Beyond Meat Expands Beyond Chicken Tenders To Markets

socalTECH

El Segundo-based Beyond Meat, the developer of plant-based meat products, is expanding availability of its Beyond Chicken Tenders beyond restaurants, and into retail markets, the company said this morning.

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Mattel Partners with Alibaba to Develop Toys for China

L.A. Business Journal

of El Segundo has partnered with Alibaba Group of Hangzhou, China to market and develop products for Chinese consumers. Toy maker Mattel Inc.

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GoGuardian Expands Into New Offices

socalTECH

El Segundo-based GoGuardian , which develops software for the education market, has expanded into new offices in El Segundo, at the former Raytheon site. GoGuardian said there's a burgeoning startup scene in El Segundo, with such companies as Finless Foods, Wonderstorm, and TechStyle Fashion Group.

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Millennium Space Systems Names Marketing Head

socalTECH

El Segundo-based Millennium Space Systems , which helps to manufacture and produce satellites, said today that it has named Robert (Bob) Newberry as its Executive Vice President and Chief Marketing Officer. Newberry is recently retired from the U.S. READ MORE>>.

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Navitas Semiconductor Hits Nasdaq

socalTECH

El Segundo-based semiconductor developer Navitas Semiconductor has debuted on the Nasdaq Global Market, after its acquisition by a Special Purpose Acquisition Company (SPAC), the company said on Wednesday afternoon. The developer of gallium nitride (GaN) power semiconductors says it is now trading under the ticker NVTS.

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NEOGOV Finds Funding From Carlyle, Warburg Pincus

socalTECH

El Segundo-based human capital and policy management software developer NEOGOV, which is led by Shane Evangelist, has scored a round of funding from private equity giants The Carlyle Group and Warburg Pincus. The size of the investment--described as "significant"--was not announced. The company was founded in 2000.