Xicor Signs Wafer Fabrication Foundry Agreement with Sanyo
MILPITAS, Calif.--(BUSINESS WIRE)--May 3, 1999--Xicor, Inc.
(Nasdaq/NMS:XICO) today announced that it has entered into an
agreement with Sanyo Electric Co., Ltd. of Japan to fabricate wafers
for Xicor.
The Sanyo foundry relationship will supplement Xicor's foundry
activities with Yamaha, Ltd. of Japan and the recently established
foundry relationship with ZMD GmbH of Germany.
"Sanyo was chosen for their long-term experience in nonvolatile
chip manufacturing and their volume production capabilities. In
addition to Sanyo fabricating wafers for us using our existing
technologies, we expect to jointly develop advanced technologies and
products with Sanyo," stated Bruce Gray, president.
"We are pleased to work with Xicor to manufacture and jointly
develop nonvolatile EEPROM and embedded products utilizing our
expertise in digital and analog areas," commented Yukinori Kuwano,
president of Sanyo Semiconductor Company.
"With this additional foundry capability, Xicor can now set a
goal to eventually become a 'fabless' semiconductor company with a
competitive wafer cost, focused on providing innovative analog, mixed
signal and specialty memory products to our customers," concluded
Gray.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, including statements regarding
the expectation of Sanyo fabricating Xicor's wafers using Xicor's
existing technologies, Yamaha and ZMD fabricating wafers for Xicor,
jointly developing advanced technologies and products with Sanyo, and
eventually becoming a "fabless" semiconductor company with a
competitive wafer cost focused on providing innovative analog, mixed
signal and specialty memory products.
Factors that could cause actual results to differ materially
include the following: general economic conditions and conditions
specific to the semiconductor industry, fluctuations in customer
demand, competitive factors such as pricing pressures on existing
products and the timing and market acceptance of new product
introductions, Xicor's ability to have available an appropriate amount
of competitive cost foundry production capacity in a timely manner,
manufacturing efficiencies, the ability to continue effective cost
reductions, the timely development and introduction of new products
and processes, currency fluctuations and the risk factors listed from
time to time in Xicor's SEC reports, including but not limited to the
Annual Report on Form 10-K for the year ended December 31, 1998
(Management's Discussion and Analysis of Financial Condition and
Results of Operations, Factors Affecting Future Results section).
Xicor assumes no obligation to update the information included in this
press release.
Company Background
Xicor, Inc. designs, develops, manufactures and sells nonvolatile
in-the-system programmable products which retain information even when the system is turned off or power is inadvertently lost. Xicor's
product line includes digitally controlled potentiometers (XDCPs),
system management IC's, and standard and secure memory IC's.
Xicor product, corporate and financial information is readily
accessible on the World Wide Web at www.xicor.com.
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CONTACT:
Xicor, Inc.
Gerri Hench, 408/546-3507
or
Morgen-Walke
Rich Schineller or Victor Shalom, 212/850-5600 |
