Alliance Reports Wafer Fab Manufacturing Issues, Revenue and Earnings Shortfall Expected for the Current Quarter.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Dec. 28, 1995--Alliance Semiconductor Corp. (Nasdaq: ALSC ALSC Association for Library Service to Children ALSC Adirondack Lakes Survey Corporation ALSC Afloat Logistics and Sealift Capability ALSC American Lumber Standards Committee, Inc. ALSC Advanced Logistics Systems Center (AFMC) ) today announced that wafers recently processed by its largest foundry supplier have failed to meet the company's specifications and have resulted in very low yields. The Company believes that these yield problems resulted from wafer contamination and other manufacturing process issues and that as much as one month's worth of production at this foundry could be affected. Alliance is currently in discussions with the foundry on resolving these issues. Alliance also announced that, as a result of these manufacturing issues, coupled with decreases in selling prices and lower than expected demand for certain SRAM See static RAM. SRAM - static random-access memory products, revenues and earnings for the current quarter ending Dec. 31, 1995, will be significantly below the results for the quarter ended Sept. 30, 1995. N.D. Reddy, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Alliance, commented, "We have an excellent, long-term relationship with this foundry and, while we are disappointed in this occurrence, are confident that our manufacturing plans at this foundry will be back on track in a short period of time." Alliance Semiconductor Corp., headquartered in San Jose, is a leading supplier of high performance memory products and memory intensive logic products. The company designs, develops, manufactures (using advanced 0.6 micron micron: see micrometer. One micrometer, which is one millionth of a meter or approximately 1/25,000 of an inch. The tiny elements that make up a transistor on a chip are measured in micrometers and nanometers. See process technology. and below CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. technology) and markets its high performance memory products and memory intensive logic products to the desktop and portable computing, networking, telecommunications and instrumentation markets. CONTACT: Alliance Semiconductor Ron Shelton, 408/383-4900 |
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