Catalyst Semiconductor, Inc. announces wafer foundry partnership with UMC.SANTA CLARA, Calif.--(BUSINESS WIRE)--February 7, 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 joined in a broad partnership 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 UMC United Methodist Church UMC United Microelectronics Corporation UMC University Medical Center UMC United Microelectronics Corp (Republic of China) UMC University of Missouri-Columbia ) of Taiwan. UMC will provide Catalyst with significant wafer foundry capacity for Flash memory products using a 0.5 micron process to be jointly developed by the two companies. Sales of the first 0.5 micron product are expected to occur in the fourth calendar quarter of this year. Upon completion of the 0.5 micron development, the companies will undertake the development of an advanced 0.35 micron Flash process. In addition to the development and foundry partnerships, UMC also has purchased a 10% equity interest in Catalyst to strengthen the relationship between the two companies. 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 "This agreement is significant for the Company in a number of ways. First, access to an advanced 0.5 micron Flash process will allow Catalyst to market high-density Flash memories in addition to the low- and medium-density products currently being sold by the Company. Second, use of 0.5 micron technology will improve the performance of our existing low- and medium-density products and make them more cost-effective. Third, the additional wafer capacity will ultimately allow us to more than triple our Flash product sales." John Hsuan, UMC's President, said "We are enthusiastic about this opportunity and look forward to our continued progress in the Flash memory area." Located in Taiwan's Science-Based Industrial Park, UMC is one of the leading and most technologically advanced integrated circuit manufacturers. Catalyst Semiconductor, Inc. designs and markets a broad range of nonvolatile semiconductor memory products. 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: Kathyrn 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. Barbara Yu (Media) WOLFE AXELROD ASSOCIATES (212) 370-4500 |
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