Supertex Purchases Wafer Fabrication Facility
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Duke
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Tuesday January 19, 9:32 am Eastern Time
Company Press Release
Supertex Purchases Wafer Fabrication Facility
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 19, 1999--Supertex Inc. (NASDAQ:SUPX -
news), a leading high voltage, mixed signal semiconductor manufacturer announced today that it has signed a definitive
agreement to purchase all the assets of the six inch wafer fabrication (fab) facility located in San Jose from Orbit
Semiconductor Inc., a wholly owned subsidiary of Dii Group.
The closing of the transaction, which is expected to be completed later this month, is subject to customary closing conditions.
Orbit has been a mixed signal semiconductor foundry service provider for medical, imaging, industrial and
telecommunication markets.
Dr. Henry C. Pao, president and CEO of Supertex, stated, ''We have been looking to build or acquire a cost effective
six-inch wafer fab facility for a long time. We are delighted that we have finally found one, which is located in our vicinity,
with synergistic value both financially and in terms of processes, products, and customers. The existing technologies in the
Orbit fab and its foundry customers, now including Orbit, complement our targeted markets. Combining with our own
business, we expect to be able to gain economy of scale quickly.''
''We are pleased to establish this relationship with a solid, stable company like Supertex, which will offer continued
employment to a majority of the Fab's employees and an uninterrupted source of supply for our wafer foundry customers,''
commented Ronald R. Snyder, president of Orbit. ''Supertex is ideally suited to become a major supplier to Orbit, since it
has the technical depth to support our increasingly sophisticated requirements. I'm confident our ongoing partnership will
enable both Orbit and Supertex to grow and prosper.''
This press release contains historical information and forward-looking statements. Statements looking forward in time
involve risks and uncertainties, including risks associated with customer concentration, dependence on the semiconductor
and electronics industries, general economic conditions, the successful integration of newly acquired businesses and other
risks associated with acquisitions, changes in product mix, competition and existing operations. For further information,
reference should be made to the Supertex's filings with the Securities and Exchange Commission, including the company's
risk disclosures outlined in its most recent Annual Report on Form 10-K and its quarterly reports on Form 10-Q.
Supertex Inc. (NASDAQ:SUPX - news) is a leading high voltage, mixed-signal semiconductor manufacturer, focused on
high-voltage interface products for use in telecommunications, imaging and medical electronics markets. Its Internet Website
can be reached by accessing www.supertex.com to view its recent press releases, company profile, its products and
services, and its financial data.
The Dii Group Inc. (NASDAQ:DIIG - news) is a leading, value-added, global electronics design and manufacturing
outsource service provider, which operates through a global network of companies in North America, Europe and Asia. The
company serves the electronics industry through its four core competencies: semiconductors; printed circuit boards; circuit
board and finished product assembly and distribution; and process control technologies. The Dii Group employs
approximately 7,000 people and had revenues of $663 million in the first nine months of fiscal 1998. Its Internet (Web) Site
can be reached by accessing www.diigroup.com to view recent press releases, company information, and financial data
relating to the Dii Group.
Contact:
Supertex Inc., Sunnyvale
Henry C. Pao, 408/744-0100
investors@supertex.com
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