California Micro Devices and MagnaChip Ink Strategic Agreement
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California Micro Devices
490 N. McCarthy Blvd. #100
Milpitas, CA, 95035
Press release date: August 20, 2007
Strategic Agreement Covers Foundry Business and Process Technology Transfer
MILPITAS, Calif., and SEOUL, Aug. 20 / - California Micro Devices (NASDAQ:CAMD), a leading supplier of application specific analog semiconductor products for mobile handsets, personal computers and digital consumer electronics, and MagnaChip Semiconductor Ltd., a leading global designer, developer and manufacturer of image sensor solutions, mixed signal and digital multimedia semiconductors, today announced a strategic foundry business and process technology transfer agreement.
MagnaChip is expected to port proprietary CMD process technology to its fab in Gumi, South Korea, to enable production of CMD protection chips for mobile handset and digital consumer electronics applications. Additionally, CMD will use MagnaChip's existing 0.35u 5V/18V high voltage processes in MagnaChip's Cheongju, Korea, fabrication facilities to enable the production of its PhotonIC® LED driver chips.
Mr. Channy Lee, EVP and General Manager of MagnaChip's Specialty Manufacturing Service (SMS) business stated, "This agreement with CMD is a model of the types of strategic relationships we are building with customers to provide growth and stability to our foundry business, while allowing customers to benefit from provision of our process technology and customer service flexibility. MagnaChip will continue to seek strategic partnerships globally as we expand our customer base."
"MagnaChip's advanced technology and manufacturing capabilities are complementary with our strategy of broadening our foundry capabilities for customers worldwide," stated Manuel H. Mere, CMD vice president of operations and information systems. "We look forward to bringing up the processes and production this year."
About California Micro Devices California Micro Devices Corporation is a leading supplier of application specific analog and mixed signal semiconductor products for the mobile handset, digital consumer electronics and personal computer markets. Key products include protection devices for mobile handsets, digital consumer electronics products such as digital TVs and personal computers as well as analog and mixed signal ICs for mobile handset displays. Detailed corporate and product information may be accessed at http://www.cmd.com/.
About MagnaChip Semiconductor MagnaChip Semiconductor is a leading designer, developer and manufacturer of mixed signal and digital multimedia semiconductors addressing the convergence of consumer electronics and communications devices. We focus on CMOS image sensors and flat panel display drivers, which are complex, high performance, mixed signal semiconductors that capture images and enable and enhance the features and capabilities of both small and large flat panel displays. MagnaChip also provides wafer foundry services utilizing CMOS high voltage, embedded memory, analog and power process technologies for the manufacture of IC's for customer-owned designs. For more information, visit http://www.magnachip.com/.
Media Contacts: At CMD: Richard Haas (408) 934-3108 firstname.lastname@example.org
At MagnaChip: Youngjae Chang 82-2-3459-5884 email@example.com
In the U.S.: David Pasquale (646) 536-7006 firstname.lastname@example.org
Source: California Micro Devices and MagnaChip Semiconductor
Web site: http://www.cmd.com/ http://www.magnachip.com/