Catalyst Semiconductor, Inc. announces extension of wafer foundry partnership with OKI Electric.SANTA CLARA, Calif.--(BUSINESS WIRE)--June 4, 1996--CATALYST SEMICONDUCTOR, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 : 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 (Electrically Erasable Programmable ROM) A rewritable memory chip that holds its content without power. Although EEPROMs spawned flash memory, EEPROMs are byte addressable at the write level, whereas flash chips must erase a block of bytes before rewriting. products. Michael Powell, Catalyst's Chairman 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. , 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 Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. . CONTACT: Kathryn Beaulieu, Investor Relations CATALYST SEMICONDUCTOR, INC. (408) 748-7700 or Mona J. Walsh Stephen D. Axelrod, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. WOLFE AXELROD ASSOCIATES (212) 370-4500 |
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