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Technology Stocks : C-Cube
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To: JPM who wrote (45109)9/21/1999 4:01:00 PM
From: DiViT  Read Replies (2) of 50808
 
[edit] Not all Cube's Fabs are in Taiwan and they reduced their dependency on TSMC?

From the 8/13/99 10Q:


In the second quarter of 1996, the Company expanded and formalized its
relationship with Taiwan Semiconductor Manufacturing Co., Ltd. ("TSMC") to provide additional wafer production capacity in the years 1996 to 2001. The agreement with TSMC provided that TSMC would produce and ship wafers to C-Cube at specified prices and required C-Cube to make two advance payments totaling $49 million. An advance payment of $24.5 million was made in June 1996. In May 1997, the Company amended its agreement with TSMC which resulted in a reduction of the Company's future wafer purchase commitments and the forgiveness of the second advance payment of $24.5 million. In January 1999, TSMC refunded $11.7 million of the advance payment to the Company.


From the previous 10k:
C-Cube sources its integrated circuit products from MEC, TSMC and Yamaha and is in the process of qualifying additional foundries.
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