$15 million Samsung contract boosts Watkins-Johnson Semiconductor Equipment Group.SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--June 19, 1995--Watkins-Johnson Company's (NYSE NYSE See: New York Stock Exchange :WJ) Semiconductor Equipment Group (SEG n. 1. (Bot.) Sedge. 2. The gladen, and other species of Iris. 1. A castrated bull. ), headquartered in Scotts Valley, announced it signed a $15 million contract last quarter with Samsung Electric Co. Ltd. (SEC) of Korea, bringing first quarter orders to nearly $21 million from Korea alone. "This order is for multiple WJ-1000 systems to be delivered over the balance of this year. It's another vote of confidence in our technology by a major WJ-SEG customer," said SEG President James Schram. "The WJ-1000 atmospheric pressure atmospheric pressure or barometric pressure Force per unit area exerted by the air above the surface of the Earth. Standard sea-level pressure, by definition, equals 1 atmosphere (atm), or 29.92 in. (760 mm) of mercury, 14.70 lbs per square in., or 101. chemical deposition (APCVD APCVD Atmospheric Pressure Chemical Vapor Deposition ) system, developed for 0.35-micron device technology dielectric deposition on 200 mm (8-inch) silicon wafers, is in great demand for our customers' newest wafer fabs where leading-edge products are already in production. Its success adds to our leadership in the doped dielectrics market segment." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bob Chamberlain, SEG senior vice president, operations, strong order activity from Korea is both a result of -- and a reason for -- increased WJ investment in that region. "We opened and enlarged our wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. in Korea in 1994, and have done the same in three other Asian countries -- Singapore, Taiwan and Japan," he said. Watkins-Johnson Co. is a diversified firm, specializing in semiconductor manufacturing equipment and electronic products for the wireless telecommunications and defense industries. The company is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE:WJ). Corporate headquarters are in Palo Alto, Calif. Sales in 1994 exceeded $330 million. The Semiconductor Equipment Group, in Scotts Valley, is the worldwide technical leader in APCVD systems for semiconductor and flat-panel applications. The group is a major growth element of Watkins-Johnson and is dedicated to continued expansion through aggressive investment in research and development to produce advanced interlayer- and intermetal-dielectric deposition technology to meet global demand. CONTACT: Watkins Johnson Co., Scotts Valley Frank E. Emery, 415/813-2752 (financial) Stephen B. Witmer, 415/813-2417 (media) Linda Johnson, 408/439-6314 (technology) or Agency: Bruce A. Brough, 408/438-0204 |
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