CMOS really made a nice move today - up $2.00 or 7.2 percent. The following is a positive news announcement.
FREMONT, Calif.--(BUSINESS WIRE)--May 28, 1999--Credence Systems
Corporation (Nasdaq:CMOS), a leading manufacturer of automatic test
equipment (ATE) for the worldwide semiconductor industry, today
announced an order from Samsung Electronics Co., Ltd., for multiple
Quartet Series test systems.
Samsung Electronics, a world leader in the electronics industry,
purchased the Quartet systems to test a broad range of electronic
devices. The systems are scheduled for installation in Samsung
Electronics' facilities in Onyang and Kiheung, Korea. This order
represents the first business between the two companies.
The Quartet systems will be utilized by Samsung Electronics to
test high-volume consumer mixed-signal devices for the audio, video
and display markets. Specifically, the systems are being installed for
final testing at the Onyang facility and for wafer sorting at the
Kiheung fab.
"Today we welcome Samsung Electronics, a 'top ten' semiconductor
manufacturer, as a new customer," remarked Dave Ranhoff, co-president
of Credence. "Our relationship with Samsung Electronics represents an
important milestone in the evolution of the test industry. No longer
are companies willing to accept the status quo of increasingly more
expensive test equipment. Credence delivers the value standard in
test, which allows companies like Samsung Electronics to control
manufacturing costs at a time when price competition is increasing."
About Quartet Series
The Quartet Series provides IC manufacturers with a
high-throughput, reliable testing system that maintains margins and
high productivity rates. Unifying a revolutionary digital and memory
test subsystem with Credence's industry-leading audio, video and radio
frequency (RF) instruments, the system seamlessly tests consumer
mixed-signal (CMS) devices. The precise synchronicity of these
instruments, integrated into a single test system, enables the volume
manufacturing of high-performance, CMS devices. CMS is the market
consisting of high-volume cost-sensitive systems-on-a-chip (SOC)
designs.
About Samsung Electronics
Samsung Electronics Co., Ltd., with 1998 sales revenue of 16.6
billion dollars (US), is a world leader in the electronics industry.
The Korean-based firm has operations in more than 50 countries with
60,000 employees worldwide. The company consists of three main
business units: Multimedia & Home Appliances, Semiconductors and
Information & Telecommunications. For more information, please visit
our website, samsungelectronics.com
About Credence
Credence Systems Corporation is a leader in the manufacture of
automatic test equipment (ATE) for the worldwide semiconductor
industry. Credence offers a wide range of products with test
capabilities for digital, mixed-signals and memory semiconductors.
Utilizing its patented CMOS technologies, Credence products are
designed to meet the strict time-to-market and cost of ownership
requirements of its customers.
Headquartered in Fremont, California, the company maintains
advanced production and design facilities in Beaverton, Oregon.
Credence, an ISO 9001 certified manufacturer, is listed on the Nasdaq
National Market under the symbol CMOS. More information is available
at www.credence.com. |
