CIRRUS
LOGIC AND UMC FORM MULTI-YEAR FOUNDRY RELATIONSHIP
Cirrus Logic Selects
UMC's Advanced Manufacturing
Services and Technology to Accelerate Time-to-Market Capabilities
HSINCHU, TAIWAN, and AUSTIN, TX, February 4, 2002 - Cirrus Logic,
Inc. (Nasdaq: CRUS), the premier supplier of high-performance analog
and DSP semiconductor solutions for digital entertainment electronics,
and UMC (NYSE: UMC), a world leading semiconductor foundry, today
announced the signing of a multi-year manufacturing agreement that
establishes UMC as a volume supplier for Cirrus Logic's advanced
chip solutions. Under terms of the agreement, Cirrus Logic will
have access to UMC's mixed-signal capabilities and precision technologies
down to 0.10-micron. Access to these capabilities will accelerate
the manufacturing process for some of Cirrus' most advanced products,
thus speeding the company's ability to bring new technologies to
market.
"UMC's advanced manufacturing services and technologies will
play an important role in Cirrus Logic's ability to lead the digital
entertainment revolution," said David D. French, president
and chief executive officer at Cirrus Logic. "This relationship
gives Cirrus Logic a leading mixed-signal process platform from
which all of our divisions can plan, develop, and deliver premier
products to our customers today and tomorrow."
"We are enthusiastic that Cirrus Logic has selected UMC for
the development and manufacturing of its advanced semiconductor
products," said Robert Tsao, chairman and CEO at UMC. "UMC
is constantly investing to extend its technology and manufacturing
capabilities and, as such, our advanced foundry resources are staged
to be a valuable asset to Cirrus Logic today and for the years to
come. Moreover, we are confident that this relationship will be
mutually beneficial in increasing the competitiveness of both our
companies."
About Cirrus Logic
Cirrus Logic is the premier supplier of high-performance analog
and DSP chip solutions for consumer entertainment electronics that
allow people to see, hear, connect, and enjoy digital entertainment.
Building on its global market share leadership in audio integrated
circuits and its rich mixed-signal patent portfolio, the company
targets mainstream audio, video and Internet entertainment applications
in the consumer entertainment market. Cirrus Logic operates from
headquarters in Austin, Texas and major sites located in Fremont
and El Dorado Hills, Calif., Broomfield and Boulder, Colorado, as
well as offices in Europe, Japan and Asia. More information about
Cirrus Logic is available at www.cirrus.com.
Note From Cirrus
Logic Concerning Forward-Looking Statements
Except for historical information contained herein, the matters
set forth in this news release are forward-looking statements that
are dependent on certain risks and uncertainties including such
factors, among others, as the ability of UMC to supply the volume
and quality required by the terms of the contract, and the risk
factors listed in the company's Form 10-K for the year ended March
31, 2001, and in other filings with the Securities and Exchange
Commission. The foregoing information concerning Cirrus Logic's
business outlook represents our outlook as of the date of this news
release, and Cirrus Logic undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
developments or otherwise.
Note From UMC Concerning Forward-Looking
Statements
Some of the statements in the foregoing announcement are forward
looking within the meaning of the U.S. Federal Securities laws,
including statements about future outsourcing, wafer capacity, technologies,
business relationships and market conditions. Investors are cautioned
that actual events and results could differ materially from these
statements as a result of a variety of factors, including conditions
in the overall semiconductor market and economy; acceptance and
demand for products from UMC; and technological and development
risks.
Cirrus Logic is a trademark of Cirrus Logic Inc.
Contacts:
UMC
KJ Communications
Eileen Elam
(650) 917-1488
kjcome@cs.com |
Cirrus Logic,
Inc.
Cirrus Logic, Inc.
Jack Taylor
(512) 912-3231
jack.taylor@cirrus.com
|
In
Taiwan
UMC
Alex Hinnawi
(886) 2-2700-6999 ext. 6958
|
In Asia
Firebrand Communications
John Casey
(852) 2122 9752
jcasey@firebrand.com.hk
|
|