Lam Research Corporation Concludes Agreement with SMIC for the Purchase of Equipment Exceeding $ 100M
-- Business Wire, 4/17/2002
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Lam was Also Selected as SMIC's Top Supplier, Winning the Best Supplier Award
Lam Research Corporation (Nasdaq:LRCX) today announced an agreement with Semiconductor Manufacturing International Corporation (SMIC), a foundry in Shanghai, China, for orders exceeding $ 100 million. These orders include dielectric, silicon, and metal etch equipment as well as CMP equipment. Lam recognized a portion of these orders in 2001. The balance of these orders are being recognized in calendar 2002. Lam was also selected as SMIC's top supplier, winning the Best Supplier Award for commitment to success, responsiveness, and overall process and hardware capability.
According to Richard Chang, SMIC's CEO and president, "We are very pleased with Lam's quick attention and effective solutions to our needs as a new foundry. The company's production-proven technologies have been straightforward to qualify and are extendible to the advanced processes we will soon begin developing."
"We are honored to be recognized as SMIC's top equipment supplier and confident our relationship will continue to strengthen for the mutual benefit of both companies," stated James W. Bagley, Lam's chairman and CEO. "We look forward to supporting SMIC's aggressive ramp to production and subsequent development of advanced applications." |
