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AUSTIN SEMICONDUCTOR INC. ANNOUNCES LETTER OF INTENT TO ACQUIRE MICRON SEMICONDUCTOR INC. MILITARY BUSINESS

 AUSTIN, Texas, March 29 /PRNewswire/ -- Austin Semiconductor Inc. (ASI) announced today the signing of a letter of intent with Micron Semiconductor Inc., Boise, Idaho, in which ASI will acquire Micron's Military Components Group. The letter of intent between the companies describes a business transition plan designed to continue uninterrupted delivery of fully qualified components to existing customers. It is expected that the final agreement will be executed within 30 days.
 Micron will continue to accept orders for military components until the final agreement is signed, at which time ASI will begin to accept orders for Micron military product directly. Micron will continue to supply military die to ASI. ASI will continue to utilize Micron package, test, and compliance processes.
 Austin Semiconductor's reputation for quality and their 100-percent focus as a military electronic components supplier will offer a high level of customer support and service in the supply of Micron devices to this specialized market.
 Austin Semiconductor is the only custom assembly and test house in the country, not currently listing SMD devices, that has been audited and validated for capability to supply MIL-STD-883, para 1.2.1 compliant products. ASI is also customer approved for Class B and Class S level equivalent products. In addition, ASI has been approved as a supplier for the Space Station and is in the process of obtaining ISO 9000 approval.
 -0- 3/29/93
 /CONTACT: Roger C. Minard of Austin Semiconductor Inc., 512-339-1188/
 (MU)


CO: Austin Semiconductor Inc.; Micron Semiconductor Inc. ST: Texas, Idaho IN: CPR SU: TNM

LM -- SE013 -- 0766 03/29/93 18:29 EST
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Publication:PR Newswire
Date:Mar 29, 1993
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