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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?

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To: dia oko who wrote (634)2/19/1998 9:03:00 AM
From: Paul Dieterich  Read Replies (1) of 2313
 
Worldwide Semiconductor Manufacturing Company - WSMC - Places $6 Million Order With Asyst Technologies

Thursday February 19, 8:29 am Eastern Time

Company Press Release

Asyst Extends Dominance as Sole SMIF Provider in Taiwanese Foundry Market

FREMONT, Calif.--(BUSINESS WIRE)--Feb. 19, 1998-- Asyst Technologies Inc. (NASDAQ:ASYT - news), the leading supplier of minienvironment and SMIF-based technology to the worldwide semiconductor industry, today announced it has received a $6 million order from Worldwide Semiconductor Manufacturing Company (WSMC) (Hsinchu, Taiwan).

The order, for multiple Asyst SMIF-LPT(TM) (Load Port Transfer) systems and SMIF-Pods(TM), extends Asyst's dominance as the sole SMIF provider in the Taiwanese foundry semiconductor market. Installation of the Asyst-SMIF(TM) systems at the WSMC 8-inch foundry fab is scheduled to begin in April 1998.

The newest customer for Asyst, WSMC is a newly formed joint venture between Winbond Electronics (Hsinchu, Taiwan) and the Chinese Development Corp. The WSMC facility is slated to produce various integrated circuits (ICs) with 0.25-micron design rules, including memories, microprocessors and communication ICs.

According to Asyst, WSMC turned to Asyst's LPTs and Pods to achieve the better-than-Class 1 processing environments necessary to reach the facility's production goal of over 30,000 wafers per month with maximized yields.

Kenneth Leung, Asyst's vice president of Asia-Pacific sales, commented, ''We are established in Taiwan as the low-risk SMIF solution. WSMC chose us because we have the breadth of experience to help WSMC ramp-up quickly to meet their production goals.''

Commenting on Asyst's position within the Taiwanese foundry market, Terry Moshier, Asyst's president and chief operating officer, said, ''Taiwan's semiconductor foundry industry serves the global market with a broad mix of microprocessors, logic ICs and DRAMs.

''The product demands and SMIF requirements for these Taiwan fabs continue to provide stable growth for Asyst. We are well positioned to meet capacity expansions and provide fab upgrades required for this highly competitive region.''

Full Article:

biz.yahoo.com
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