Communicant Semiconductor Technologies Secures Private Equity; Leading-Edge European Foundry On Track for Sept 2003 Production Start.Business Editors/High-Tech Writers FRANKFURT (Oder), Germany--(BUSINESS WIRE)--April 8, 2002 Communicant Semiconductor Technologies AG (Communicant) has secured $325M of private equity. Communicant and its investors Intel, The Dubai Airport Free Zone Authority, and the Investment Bank of the State of Brandenburg have entered into binding agreements to provide equity for the $1.3B facility in Frankfurt (Oder). The remaining funds are to be provided in the form of government incentives and loan guarantees. "We have now secured the funds necessary for a speedy completion of our facility," said Dr. Klaus Wiemer, Communicant's 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. . "The achievement of this key milestone in a most difficult capital market is a measure of the attractiveness of the concept of a differentiated foundry, and the outstanding technologies we offer." Communicant offers a range of advanced, modular SiGe:C and LDMOS LDMOS Laterally Diffused Metal Oxide Semiconductor LDMOS Lateral DMOS LDMOS Lightly-Doped Drain Metal-Oxide Semiconductor LDMOS Lateral Diffusion Mosfet based CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. and BiCMOS technologies ideal for both premium-performance and cost-sensitive applications. The Communicant fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. facility will be operational in 1Q 2003, with production start planned for 3Q 2003. At full capacity, the facility will have an output of 30,000 eight-inch (200mm) wafers wafers compressed roughage in flat plates useful for feeding to animals in transit. per month. Prototyping services will be available as early as 3Q 2002. About Communicant: Communicant Semiconductor Technologies AG (www.communicant.de) is Europe's new "pure-play" 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. foundry serving the RF and mixed-signal markets. It offers advanced modular SiGe:C and LDMOS based CMOS and BiCMOS process technologies for demanding high-speed, low-power applications and single-chip solutions. Communicant is located in Frankfurt (Oder), 50 miles east of Berlin in the state of Brandenburg, Germany. For more information, please contact Dr. Dirk Obermann (+49 335 557 1501) or Ana Hunter (+1 650 529 9656). |
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