Asyst Receives Multi-Million Dollar Follow-On Order from Powerchip Semiconductor
Thursday October 9, 4:51 pm ET
Powerchip Will Expand Automated Material Handling System at Fab 12A in Hsinchu, Taiwan
FREMONT, Calif.--(BUSINESS WIRE)--Oct. 9, 2003-- Asyst Technologies, Inc. (Nasdaq:ASYT - News) today announced that it has been awarded a multi-million dollar order from Powerchip Semiconductor Corp. to expand the Automated Material Handling System (AMHS) for Phase 2 of Powerchip's Fab 12A in Hsinchu, Taiwan. The order, received in Asyst's second fiscal quarter ended September 27, 2003, was placed through Asyst Shinko, Ltd., the company's majority-owned subsidiary.
Powerchip's Fab 12A is the first 300mm fab custom-built to manufacture advanced memory products in Taiwan and is among the world's top three 300mm DRAM facilities in mass production. The Phase 2 AMHS installation is expected to begin sometime in the first calendar quarter of 2004.
A Powerchip spokesperson said, "As one of the pioneers of 300mm production in the DRAM industry, Powerchip recognized early on the importance of automated material handling to enhance productivity. We selected Asyst-Shinko because of its excellent performance and high reliability in Phase 1 of our plant and because they continue to offer the industry's best solution for 300mm AMHS."
About Powerchip Semiconductor Corp.
Powerchip Semiconductor Corporation (PSC) is the leading commercial memory chip manufacturer in Taiwan. It was established in Hsinchu Science-based Industrial Park in December 1994. PSC gained a technological sector listing on the Taiwan GreTai Security Market, and issued a Global Depository Receipt (GDR) in 1999, becoming the first Taiwan-listed company to be listed on the Luxembourg Stock Exchange.
About Asyst
Asyst Technologies, Inc. is a leading provider of integrated automation solutions that enable semiconductor and flat panel display (FPD) manufacturers to increase manufacturing productivity and protect investments in materials during the manufacturing process. Encompassing isolation systems, work-in-process materials management, substrate-handling robotics, automated transport and loading systems, and connectivity automation software, Asyst's modular, interoperable solutions allow chip and FPD manufacturers, as well as original equipment manufacturers, to select and employ the value-assured, hands-off manufacturing capabilities that best suit their needs. Asyst's homepage is asyst.com.
"Safe Harbor" Statement
Except for statements of historical fact, the statements in this press release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to: the risk that customers will delay, reduce or cancel planned projects and thus delay recognition or the amount of our anticipated revenue, risks associated with the acceptance of new products and product capabilities, competition in the semiconductor and FPD equipment industries, and other factors more fully detailed in the Company's annual report on Form 10-K for the year ended March 31, 2003 and other reports filed with the Securities and Exchange Commission. |
