Catalyst Semiconductor Announces Agreement to Increase Foundry Capacity At Oki Electric.Business Editors/High-Tech Writers
SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 6, 2000
Catalyst Semiconductor, Inc. (NASAQ:CATS) today announced that an agreement with Oki Electric, the Company's principal foundry in Japan, will result in a significant increase in foundry capacity commencing in September, 2000.
Radu Vanco, President and Chief Executive Officer said, "Foundry capacity has been a major limitation for our operation over the last few quarters. The increase in capacity through the agreement with Oki, which is in addition to the gain in capacity through Xfab, should put us in a much better position to respond to our customer's requirements."
Founded in 1985, Catalyst Semiconductor, Inc. is headquartered in Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. . The Company designs and markets a broad range of programmable products including Flash Memories, Serial and Parallel EEPROMs, NVRAM (Non-Volatile RAM) May refer to dynamic RAM (DRAM) and static RAM (SRAM) chips that are backed up by a battery or to non-volatile chips such as flash memory. See non-volatile memory, dynamic RAM, static RAM and solid state disk. , Digital Potentiometers, Micro-controller Supervisory circuits and other programmable Mixed Signal products. Catalyst products are used in telecommunications, networking systems, computation, industrial and consumer markets, driven by the Internet revolution. Typical applications include modems, network cards, PC BIOS See BIOS. , DIMM (Dual In-Line Memory Module) A printed circuit board that holds memory chips and plugs into a DIMM socket on the motherboard. See memory module.
DIMM - Dual In-Line Memory Module modules, cellular telephones, digital satellite box receivers, set-top boxes and Internet routers. Catalyst's Quality Management System is ISO (1) See ISO speed.
(2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified. Additional information may be obtained visiting Company's Web site at www.catsemi.com.
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 forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Factors which could cause actual results to differ from expectations include the following: volatility in supply and demand affecting revenues and market prices, price and availability of silicon foundry See foundry. , assembly and test subcontract sub·con·tract
A contract that assigns some of the obligations of a prior contract to another party.
intr. & tr.v. sub·con·tract·ed, sub·con·tract·ing, sub·con·tracts capacity required to meet financial targets and/or meet backlog requirements, risks and delays associated with bringing up new production capabilities or with deliveries from subcontractors, timing and market acceptance of new products, increased expenses associated with new product introductions or process changes, delays in developing or achieving volume production of new products, which can result in delays or failure to contribute to revenues and profits, ability of the Company to maintain its customer and vendor base and delays in and/or inability in raising additional capital. 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/A for the year ended April 30, 2000.