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To: sixty2nds who wrote (26817)11/11/2005 11:10:19 AM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 95757
 
New Facility to Meet Growing Global Demand For High Performance Analog ICs

SINGAPORE, Nov. 11 /PRNewswire-FirstCall/ -- Linear Technology Corp.

(Nasdaq: LLTC) today opened the company's second semiconductor test facility
in Singapore. The additional space for staff, equipment and materials will
allow the company to more than double its current production capacity. This
will strengthen Linear Technology's ability to meet the growing demand for
high performance analog integrated circuits worldwide.
The new 124,000-sq-ft facility is located beside Linear Technology's
present 84,000-sq-ft facility at Yishun Industrial Park A. Besides
manufacturing, the facility will also serve as a major warehouse and
distribution center for customers worldwide.
US-based Linear Technology established its first offshore facility in
Singapore in 1989. The company's local facilities provide test capability for
approximately 90 percent of the company's global demand.
Mr. Robert Swanson, Executive Chairman of Linear Technology Corporation,
who flew to Singapore for the opening, said, "The facilities in Singapore are
vital components of our global manufacturing operations. Given the excellent
conditions for growth in the region, as well as the skill and dedication of
our employees here, Singapore will remain as the headquarters and focal point
for all Linear Technology activities in Asia. We will continue to enhance our
capabilities here to deliver advanced technology solutions to rapidly growing
markets around the world."
Singapore's Minister for Trade and Industry, Mr. Lim Hng Kiang, who
officiated the opening of Building Two, said: "We are glad that Linear
Technology has expanded its facilities here in Singapore. Linear's expansion
represents a strong endorsement of Singapore's capabilities in analog and
mixed-signal IC design. With our existing strengths in this sector, Singapore
is well poised to help companies like Linear grow both domestically and
internationally."
The new facility has been designed with two additional phases of
expansion, capable of doubling the size of the facility to 210,000-sq-ft. When
completed, Linear Technology will have invested upwards of S$100 million in
the Singapore facilities. The Company expects to double its present workforce
of more than 600 when operating at full capacity.
Globally, Linear Technology has experienced a 30 percent increase in
annual revenue over the last year to cross the US$1 billion mark for fiscal
year 2005. Asia represents a fast growing and significant portion of the
company's overall sales.
Today, Linear Technology's operations in Singapore span test and
end-of-line operations, Asia Pacific sales management, design and warehousing,
as well as distribution to customers worldwide.