Barton,
I know the out of cash feeling. Apparently IMP isn't.
Subj: IMP Expands Analog Sub-Micron Wafer Manufacturing...
Date: 97-12-18 06:48:42 EST
From: AOL News
BCC: Bigkid53
IMP Expands Analog Sub-Micron Wafer Manufacturing Capability and Capacity
SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 18, 1997--IMP, Inc. (Nasdaq: IMPX) today announced a $3.5 million investment in new equipment for its San Jose, California wafer fabrication facility to expand its portfolio of advanced analog process technologies and increase its sub-micron volume production capacity.
"In 1998, we plan to introduce power management products which take advantage of analog processes developed by IMP over the last two years," said Phil Ferguson, IMP president and CEO. "Our investment will support volume production of these new standard products and provide improved throughput times and increased capacity for our foundry customers."
The expansion includes new lithography equipment from ASM Lithography, Inc. with resolution capability down to a 0.5 micron feature size. Systems for manufacturing enhanced analog technologies, including specialized tungsten metalization, oxidation and processing of dielectrics are also being installed. The existing 18,000 square foot clean room areas in the Company's ISO 9001 San Jose facility are sufficient to accommodate the additional equipment without disturbing the facility with structural or other changes which would impact production.
The investment improves the Company's ability to balance factory work flow and optimize throughput time when managing the full portfolio of processes required to support a broad mix of analog products and foundry customers. Depending on the product mix, the added equipment will also increase IMP's wafer fabrication capacity by up to 25%, to 4,000 wafer starts per week.
Statements in this press release regarding IMP's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties, including, but not limited to demand for the Company's products, foundry utilization, the ability of the Company to develop new products, demand by end-users of the products produced by the Company's customers, and the other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q.
IMP, Inc. designs, manufactures, and markets standard-setting analog integrated circuits and specialty analog wafer foundry processes for data communications interface and power management applications in computer, communications, and control systems world-wide. Products are manufactured on CMOS, BiCMOS, and EEPROM processes in the company's ISO 9001 qualified wafer fabrication plant in San Jose, California.
Company headquarters are located at 2830 North First Street, San Jose, California, 95134-2071. Telephone: 408/432-9100. Fax: 408/434-0335. For further information about IMP, please visit our home page at impweb.com or e-mail info@impinc.com .
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CONTACT: EDITOR CONTACT: IMP Inc.
Morgen Walke, 415-296-7383
CONTACT:
IMP Inc.
David Gillooly, 408-434-1467
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