Now what should we name this? Beam Me Up Scotty Semiconductor? No. Single Malt Semiconductor? Maybe. Hey, help me out with this. <gg> Jeff
SCOTTISH GOVERNMENT LAUNCHES PLAN TO CREATE 14,500 JOBS; A GLOBAL SEMICONDUCTOR CLUSTER IN SCOTLAND ENVISIONED
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Story Filed: Monday, June 14, 1999 3:18 PM EST
GLASGOW, Scotland, Jun 14, 1999 /PRNewswire via COMTEX/ -- The Scottish government announced today an ambitious new strategy aimed at making Scotland a world center for semiconductor research, design and manufacturing. The plan would create up to 14,500 new jobs over the next five years.
The government initiative intends to transform the semiconductor and microelectronics industries by the year 2004. Three goals central to theplan are the creation of a new wafer foundry, the first global Scottish owned semiconductor manufacturing company and Scotland's first $100 million semiconductor/optoelectronics company.
Other elements of the action plan include: -- Increased funding for academic research and commercialization.
-- Building the world's most successful Intellectual Property
tradingexchange.
-- Significantly increasing the output of graduates educated in System
Level Integration.
-- Attracting internationally renowned experts to work in Scotland. --
A world-wide promotional campaign to market Scotland as a global center for semiconductor design.
-- Creating more global semiconductor supply companies headquartered
and strategically controlled from Scotland.
The launch of this initiative follows an intensive year-long development period by manufacturers, academics, researchers, suppliers, customers and economic development bodies working in a dynamic partnership. The new plan builds on the many successes already achieved in Scotland, including:
-- The Alba Center, home of the world's first System Level Integration
Institute and the world's first Virtual Component Exchange for trading intellectual property.
-- Research and development-based inward investment by leading US
companies including Cadence, Micro Linear, Level One and Cisco Systems.
-- The creation of design companies such as Wolfson Microelectronics,
Vision and Kymata through spin-offs from various universities.
-- The Compound Semiconductor Technologies Ltd. (CST) project which
will promote the commercialization of Scottish research in optical semiconductors.
-- The $10.5 million Scottish Microelectronics Center which offers
important incubator facilities to foster company growth in microelectronics.
-- Major manufacturing investment by Motorola, NEC, Sun Microsystems
and other leading companies.
-- The Microelectronics Imaging and Analysis Center at Edinburgh
University.
Crawford Beveridge, chief executive of Scottish Enterprise, the U.K. government agency responsible for developing the Scottish economy, said, "The Scottish government is unique in its support and development of the semiconductor industry. We know we must be proactive if Scotland is to retain jobs, become a world center for semiconductors and compete in the knowledge economy. We intend to put an infrastructure in place that will make us a global industry leader."
Beveridge added, "To deliver our vision we plan to seek greater commercialization of our leading edge university research, more alliances between academia and enterprise and more indigenous spinout companies. We have major strengths in software, nanotechnology and optoelectronics research. If we can link these to silicon producers we will see the creation of some leading edge companies. Not only will this ensure that Scotland is a center for design, it will also strengthen the reputation of our universities and help to support our manufacturing industry."
Locate in Scotland (LIS), a division Scottish Enterprise, helps U.S.and other foreign companies establish operations in Scotland. LIS was organized in 1981 as the first one-stop inward investment bureau in the U.K. LIS has U.S. offices in Stamford, CT; Redwood Shores, CA; Chicago, IL; and Houston, TX. For more information on LIS, contact the Web site at www.lis.org.uk.
This material is prepared, edited, issued or circulated by Al Paul Lefton Company, Inc., 100 Independence Mall West, Philadelphia, Pennsylvania, 19106, which is registered with the Department of Justice, Washington, D.C., under the Foreign Agents Registrations Act as an agent of Locate In Scotland, the inward investment arm of Scottish Enterprise, 120 Bothwell Street, Glasgow, Scotland. This material is filed with the Department of Justice where the required registration statement is available for public inspection. Registration does not indicate approval of the material by the United States Government.
SOURCE Locate in Scotland (C) 1999 PR Newswire. All rights reserved. prnewswire.com
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