Vitesse Semiconductor Reports on Profit-Sharing

Vitesse Semiconductor in Camarillo said payments to employees under its cash profit-sharing program amounted to more than $644,000 for the first quarter.

Participants in the profit-sharing program included employees at Vitesse’s Camarillo headquarters and workers at its Colorado Springs, Colo., facility and its design centers in Santa Clara, Portland, Ore., and Richardson, Texas.

Vitesse designs and manufactures integrated circuits for the telecommunications industry.