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Catalyst Semiconductor, Inc. announces extension of wafer foundry partnership with OKI Electric.

SANTA CLARA, Calif.--(BUSINESS WIRE)--June 4, 1996--CATALYST SEMICONDUCTOR, INC. (NASDAQ: CATS) today announced that the Company has strengthened its existing 10-year partnership with Oki Electric Industry Co., Ltd. ("Oki") of Japan.

Under an agreement that extends the partnership through March of 1998, Oki will provide Catalyst with more than double the current wafer capacity for both Flash memory and EEPROM products.

Michael Powell, Catalyst's Chairman and CEO, said, "In addition to providing Catalyst with a significant increase in wafer capacity, this agreement will allow the Company to be more cost competitive in both the Flash and EEPROM memory areas. Flash memory products will be transferred to a 0.6 micron process, and our EEPROM products will be transferred to a 0.8 micron process."

Except for those statements that report the Company's historical results, the statements being made are forward looking statements. Actual results could differ materially from those projected in the forward looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained under the heading "Certain Factors That May Affect the Company's Future Results of Operations" listed from time to time in Catalyst's SEC reports, including but not limited to the report on Form 10-K for the year ended March 31, 1995.

Catalyst Semiconductor, Inc. designs and markets a broad range of nonvolatile semiconductor memory products, including Flash Memories, Parallel EEPROMs, and Serial EEPROMs. Catalyst has signed a license agreement for Intel's flash technology. Its headquarters are in Santa Clara, California.

CONTACT: Kathryn Beaulieu, Investor Relations

CATALYST SEMICONDUCTOR, INC.

(408) 748-7700

or

Mona J. Walsh

Stephen D. Axelrod, CFA

WOLFE AXELROD ASSOCIATES

(212) 370-4500
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Publication:Business Wire
Date:Jun 4, 1996
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