Spotlight: Seagate to Close Chip Plant in Scotland

Seagate Technology Inc., the world’s largest independent maker of computer disk drives, said it will close its semiconductor factory in Livingston, Scotland, next year, eliminating 263 jobs. Seagate failed to find a buyer for the 75,000-square-foot factory after putting it up for sale this month. The Livingston site is Seagate’s only semiconductor plant. Seagate has about 86,000 employees worldwide. Shares of the Scotts Valley-based company rose 13 cents to close at $24.13 on the NYSE.