Microchip announces high yield from Gresham facility

By SiliconIndia   |   Wednesday, 26 March 2003, 08:00 Hrs
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CHANDLER: Microchip Technology Inc. (Nasdaq:MCHP), a provider of microcontroller and analog products, announced Wednesday that the first full lot has yielded 91 percent usable die in its Gresham, Ore., semiconductor manufactiring facility.

Microchip acquired the Gresham facility for $183.5 million in cash from Fujitsu Microelectronics Inc. on Aug. 23, 2002. Referred to as Fab 4, the facility is expected to substantially enhance Microchip's short-term and long-term global manufacturing capacity and help accommodate Microchip's projected worldwide demand for its field-programmable microcontrollers, analog, serial EEPROMs, and complementary microperipheral products.

"Microchip's yields are typically among the best in the semiconductor manufacturing industry," said Steve Sanghi, CEO and president of Microchip Technology. "The successful first yield we processed in Fab 4 reinforces the excellent capability of the facility and equipment that we acquired, as well as the world-class start-up team headed by Kathy Clevenger."

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