Cirrus Logic commits additional investment to further expand production capacity at MiCRUS joint venture with IBM.FREMONT, Calif.--(BUSINESS WIRE)--March 27, 1995--Cirrus Logic Inc. announced today that it will add approximately $60 million to its original investment in MiCRUS, the joint manufacturing venture it formed with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) last year. IBM will match Cirrus Logic's investment to further expand the production capacity at the MiCRUS wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. plant, which is located in East Fishkill, N.Y. MiCRUS began operations as a separate entity on Jan. 3, 1995. Cirrus Logic (company) Cirrus Logic - A manufacturer of integrated circuits including the Advanced RISC Machine and display interface processors and cards for use as Windows accelerators (requiring dedicated driver software). http://cirrus.com/. reports that the joint venture continues to make steady progress towards the volume production of Cirrus Logic products, a goal that is expected to be reached by mid-1995. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Cirrus Logic, a substantial portion of the additional investment will be used to purchase new capital equipment. Cirrus Logic Inc. is a leading supplier of advanced integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. for desktop and portable computing, telecommunications and consumer electronics. The company applies its system-level expertise in analog and digital design to innovate highly integrated software-rich solutions. Cirrus Logic has developed a broad portfolio of products and technologies for applications spanning multimedia, graphics, communications, mass storage and data acquisition. CONTACT: Cirrus Logic Inc. Tom Rigoli, 510/226-2259 |
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