Varian Semiconductor Earns Top Equipment Supplier Award
Tuesday August 15, 10:00 am ET
GLOUCESTER, MA--(MARKET WIRE)--Aug 15, 2006 -- Varian Semiconductor Equipment Associates, Inc. (NASDAQ:VSEA - News) today announced that it has earned the Top Equipment Supplier Award for 2005 from Systems on Silicon Manufacturing Co. Pte. Ltd. (SSMC). SSMC is a joint venture between Royal Philips Electronics, Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) and EDB Investments Pte Ltd. (the Economic Development Board of Singapore).
The award recognized Varian Semiconductor's exemplary achievements at SSMC in several categories, including: overall management commitment, quality, the implementation of a comprehensive cost reduction program, machine availability (productivity), parts hit rate, and safety. Varian Semiconductor was presented the award by Robert Kuan, SSMC's Vice President of Operations, during SSMC's recent Supplier Day.
"We hold our suppliers to very rigid standards," said Kuan. "Varian Semiconductor exceeded our expectations and delivered the highest levels of service and support among our suppliers. This award recognizes Varian Semiconductor as an elite supplier of ion implantation systems."
"Varian Semiconductor is committed to delivering the highest levels of products, service and support to our customers," said Gary Dickerson, CEO of Varian Semiconductor. "We are focused on helping to improve our customers' productivity, lower their cost of ownership and improve their time to market. We are particularly proud of our achievements at SSMC, and we look forward to building upon our strong relationship with SSMC and with our all our customers worldwide."
About SSMC
Founded in 1998, SSMC is a joint venture of Royal Philips Electronics, Taiwan Semiconductor Manufacturing Company (TSMC) and the Economic Development Board (EDB) of Singapore. The original $1.2 billion (U.S.) investment project led to the creation of a state-of-the-art 200mm wafer fabrication facility in Singapore's Pasir Ris Wafer Fab Park, capable of producing semiconductor wafers with sub-micron process technologies.
About Varian Semiconductor
Varian Semiconductor Equipment Associates is the leading supplier of ion implant equipment to semiconductor manufacturers, enabling them to pack more, higher performing transistors into computer chips that are revolutionizing the electronics industry. Customers have made Varian Semiconductor the market leader in ion implant because of its architecturally superior products that lower their costs and improve their productivity. The Company has ranked #1 in the VLSI Research Customer Satisfaction Survey nine times over the last 10 years. Varian Semiconductor operates globally and is headquartered in Gloucester, Massachusetts. More information can be found on Varian Semiconductor's web site at www.vsea.com.
Note: This release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. For this purpose, the statements concerning the Company's performance, market share and technology leadership, technological capabilities and benefits and growth in the high current segment are forward-looking statements and any statements using the terms "believes," "anticipates," "expects," "plans," or similar expressions are forward-looking statements. There are a number of important risks and factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, volatility in the semiconductor equipment industry; economic conditions in general and as they affect the Company's customers; significant fluctuations in the Company's quarterly operating results; the impact of rapid technological change; the Company's dependence on the development and introduction of new products; the Company's concentration on ion implantation systems and related products; concentration in the Company's customer base and lengthy sales cycles; the highly competitive market in which the Company competes; risks of international sales; foreign currency risks; and general economic conditions; and other factors identified in the Company's Annual Report on Form 10-K, and the most recent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of the forward-looking statements after the date of this press release.
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Source: Varian Semiconductor Equipment Associates, Inc. |
