California Micro Devices Collaborates with SPEL Semiconductor to Add Two Leadless Molded Package Lines; Joint Investment Expected to Total $7.75 Million
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MILPITAS, Calif., Jan. 24 : California Micro Devices (NASDAQ:CAMD) today announced it has completed a joint agreement with SPEL Semiconductor to expand the capacity of SPEL's Leadless Molded Package (LMP) lines and add support for two new additional small profile packages. California Micro Devices will contribute approximately $2.2 million of the total estimated $7.75 million joint investment required for the capacity expansion to support the additional lines.
With the growing popularity of thin profile mobile handsets and other small portable devices such as portable media players, MP3 players and digital cameras and camcorders, demand for the company's mobile protection products in small profile, leadless packages has increased dramatically.
The agreement with SPEL provides California Micro Devices an important, cost effective expansion of its assembly capacity as it increases its penetration into this growing segment of the mobile protection market. The two new lines will provide assembly capacity for the company's products utilizing TLMP and uTLMP packages.
"SPEL's technology and manufacturing capabilities are complementary with our strategy to package our mobile handset protection products in the smallest footprints and lowest profiles," said Robert V. Dickinson, CMD president and CEO. "We look forward to expanding upon our relationship with SPEL as we collaborate to bring up the new LMP lines this year."
About SPEL Semiconductor Limited
SPEL Semiconductor Limited is the leading one-stop turnkey Wafer Sort, IC Assembly & Test subcontractor facility in India. Established in 1988 and headquartered in Chennai, SPEL had been serving the local market from 1988 to 1994. Having established a track record at home, SPEL turned its attention to the more demanding global market in 1995. It has since been serving the Silicon Valley and other parts of the world for over 10 years now. For further information, visit www.spel.com.
About California Micro Devices Corporation
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 www.cmd.com.
FCMN Contact: SharonW@cmd.com
Source: California Micro Devices Corporation
CONTACT: Kevin Berry, Chief Financial Officer of California Micro Devices, +1-408-934-3144, or kevinb@cmd.com
Web site: http://www.calmicro.com/
http://www.spel.com/
