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Technology Stocks : Cymer (CYMI)

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To: BWAC who wrote (25851)	1/26/2004 9:28:38 PM
From: Mr. Sunshine	of 25960

Intel Grants Cymer $20 M In Funding For EUV Source Technology Development Monday January 26, 9:13 am ET biz.yahoo.com SAN DIEGO -(Dow Jones)- Cymer Inc. (NasdaqNM:CYMI - News) said Intel Corp. (NasdaqNM:INTC - News) agreed to provide it with $20 million over the next three years to accelerate development of extreme ultraviolet lithography light sources. In a press release Monday, Cymer, which makes deep ultraviolet light sources used in semiconductor manufacturing, said the extreme ultraviolet lithography is set for commercial deployment in 2009, upon achievement of several issues. The company, which reported revenue of $64.4 million for the third quarter ended Sept. 30, said a key issue confronting the launch is the ability to increase source output power to meet the wafer throughput requirements of high- volume manufacturing while keeping costs down for the lithography tools. Intel, which reported revenue of $30.14 billion for the year ended Dec. 31, said accelerating this technology to enable high-volume manufacturing for the 32nm node in 2009 "is a critical mission" at the chip giant. Intel added that this agreement enables Cymer to focus on meeting the technology challenges necessary to deliver a cost-effective extreme ultraviolet source to produce development tools in 2006 and meet the industry's 2009 production timeline. Company Web sites: cymer.com and intel.com -Jason Philyaw; Dow Jones Newswires; 201-938-5400

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