LA Semiconductor LLC in Pocatello, Idaho, is laying off 342 employees following years of financial and legal issues. The first wave of layoffs occurred on April 10, with the second set for May 1. The company's financial trouble began since 2024, when they fell behind in major equipment lease payments, leading to a lawsuit from global chipmaker Onsemi alleging a breach of contract. Despite this, the company is still seeking a buyer and is working with the Idaho Department of Commerce to explore potential tax incentives. The layoffs, which affect the semiconductor industry, are estimated to cover over 12,000 jobs in Idaho.