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UMC And Conexant
Expand Relationship with Long-Term Wafer Foundry Agreement
UMC Receives "Golden Wafer"
Award From Conexant
NEWPORT BEACH and
SUNNYVALE, Calif., July 12, 2000 – UMC,
a world-leading semiconductor foundry, and Conexant Systems,
Inc. (Nasdaq: CNXT), today announced a long-term strategic
agreement that provides Conexant with guaranteed foundry capacity.
Conexant, a leading provider of semiconductor products
and systems solutions for communications electronics, will receive significant foundry capacity and access to UMC's
advanced process technology to support future growth.
Terms of the agreement were not disclosed. UMC was also
selected to receive Conexant's "Golden Wafer" award for outstanding
product manufacturing, quality, flexibility and customer support.
The two companies have been working together for five years.
"This partnership
realizes opportunities for both companies to grow in their
respective markets. UMC continues to partner with world-class
organizations such as Conexant to couple their core competence
in design innovation with UMC's world-class manufacturing
and services," noted Jim Kupec, senior vice president of worldwide
marketing and sales. "We appreciate Conexant's confidence
in UMC's foundry services. UMC always strives to meet
the needs of our valued customers. Our technology leadership
and ability to expand our capacity to meet the increasing
demand for state-of-
the-art foundry services enables leading IC providers such
as Conexant to deliver products to their OEMs in time to meet
the incredible time-to-market requirements currently facing
the communications industry."
"Strong
foundry relationships are a core component of Conexant's manufacturing
strategy for meeting customer volume commitments," said Terry
Ellis, Conexant's senior vice president of operations.
"Given the explosive demand in the markets
we address, we must augment our internal manufacturing with
guaranteed, world-class foundry capacity that features leading-edge
processes. Our foundry partners must meet exacting standards
in terms of manufacturing capacity, reliability and customer
service. UMC excels across the board, and we are pleased
to expand our partnership with them.
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About Conexant Systems, Inc.
With a revenue run-rate
of approximately $2 billion per year, Conexant is the world's
largest independent company focused exclusively on providing
semiconductor solutions for communications electronics.
With more than 30 years of experience in developing communications
technology, the company draws upon its expertise in mixed-signal
processing to deliver integrated systems and semiconductor
products for a broad range of communications applications.
These products facilitate communications worldwide through
wireline voice and data communications networks, cordless
and cellular wireless telephony systems, personal imaging
devices and equipment, and emerging cable and wireless broadband
communications networks. The company aligns its business
into five product platforms: Network Access, Wireless Communications,
Digital Infotainment, Personal Imaging, and Personal Computing.
Conexant is a member of the S&P 500 and Nasdaq-100 Indices.
For more information, visit Conexant at http://www.conexant.com
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.
Editorial
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