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Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA) -- Ignore unavailable to you. Want to Upgrade?

To: The KOF who wrote (692)	10/10/2000 12:05:43 PM
From: Marc	Read Replies (1) \| Respond to of 1698

Alpha Purchases 125,000-Square-Foot Facility in Haverhill, Mass; Plans to Employ More Than 400 in Manufacturing and Engineering Company Plans to Double Automated Semiconductor Assembly and Testing Capacity WOBURN, Mass., Oct 10, 2000 (BUSINESS WIRE) -- Alpha Industries, Inc. (NASDAQ: AHAA) today announced that, due to accelerating growth in demand for its broadband and wireless communications products, the company is expanding its semiconductor design and manufacturing capacity to a recently purchased facility in Haverhill, Mass. Alpha purchased the 41-acre site, which is located at 25 Computer Drive, for $8.75 million. The property features a 125,000 square foot manufacturing and office facility built by Wang Computer in 1985. Alpha plans to immediately begin capital improvements, and expects to reopen the facility and commence initial operations in January 2001. These operations will include automated GaAs IC, silicon semiconductor and multi-chip module assembly and testing, as well as design engineering. Headcount at Haverhill should reach 400 by the end of 2001. "Demand for Alpha's wireless and broadband products continues to accelerate," said David Aldrich, Alpha's President and CEO, "and our new Haverhill facility has the space and the access to the infrastructure we will need to stay ahead of our customers' needs. We are rapidly gaining share in both the broadband and wireless markets, and these gains are driving our capital expansion and, most importantly, our growing need for talented people." "We sincerely appreciate the warm and helpful welcome we've received from Mayor Rurak, Economic Development Director O'Neill and other forward-thinking leaders in Haverhill and throughout the Merrimack Valley," Aldrich said. "The community is clearly committed to nurturing the growth of New Economy companies in the city and the region, and we at Alpha look forward to joining this exciting effort and thriving in the Merrimack Valley for many years to come."