Pros
Good place to work with lots of good people; laid back as most places in Austin are. Mature systems in a mature fab and everything is in full production mode. Lots of very intelligent, creative engineering talent here. Everybody there knows their job and do it exceptionally well. CEO did a remarkable job post bankruptcy especially keeping the company profitable.
Cons
Echo what somebody else said about little to no opportunities for growth in management specifically. Every upper level manager has been there for several years making it difficult for anybody to take those positions. Aging work force although not sure if that's a bad thing. Bonuses were an interesting exercise in futility. There didn't seem to be much visibility to what exactly needed to be done to get them. Forced distribution for employee ranking (quarterly and annually), while a common thing for most companies, didn't make much sense for a company that already had an extremely lean work force. They've gutted so many employees that most of the "low performers" were really average performers that just got screwed by the idea that a company has to have 10-15% of the employees be ranked into the lowest performance tier.