ATI Sells Equity Ownership In UICC Foundry.TORONTO--(BUSINESS WIRE)--May 10, 1999-- ATI Technologies Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ATY, NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ATYT), the world leader in 3D graphics/video acceleration and multimedia solutions, today announced that the Company completed an agreement with United Microelectronics Corporation UMC (United Microelectronics Corporation) was founded as Taiwan's first semiconductor company in 1980 as a spin-off of the government-sponsored institute ITRI. Today, UMC is best known for its merchant foundry business, manufacturing integrated circuits wafers for fabless (UMC) to sell approximately 69.8 million common shares of United Integrated Circuits Corporation (UICC UICC Union International Contre le Cancer International Union against Cancer ), a semiconductor manufacturing facility located in Taiwan, to UMC. The sale represents the entirety of ATI's 4.7 percent equity interest in UICC at cost. ATI remains committed to a multisourcing strategy and currently utilizes the foundries of United Semiconductor Corporation (USC An abbreviation for U.S. Code. ) and Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) to produce its products. The Company has secured ample capacity to fulfill current demand from these facilities, in addition to additional allocations for any increases in its requirements should this materialize. Corporate Profile ATI Technologies Inc., the world's largest supplier of 3D graphics and multimedia technology, designs, manufactures and markets innovative and award-winning multimedia solutions and graphics components for the personal computer, set-top box and consumer electronics appliance markets. An ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 company, ATI is the world's leading supplier of video and 2D/3D graphics accelerators to OEM and retail customers. Founded in 1985, ATI employs more than 1,600 people at headquarters in Thornhill, Ontario, and in offices in the United States, Germany, France, the United Kingdom, Ireland, Barbados, Malaysia, Japan and Hong Kong. ATI is a public company whose shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and NASDAQ. For other ATI news releases visit our web site at http://www.atitech.com. Copyright (C) ATI Technologies Inc., 1999. All company and/or product names are trademarks and/or registered trademarks of their respective manufacturers. Features, pricing, availability and specifications are subject to change without notice. |
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