Maxim Acquires Submicron Wafer Fabrication Facility
Maxim Integrated Products Inc. (Sunnyvale, CA) announced that it has purchased from Philips its 8in semiconductor wafer fabrication facility in San Antonio, TX. The acquisition includes a 168-acre campus site with a submicron 8in wafer fabrication facility capable of producing eight million moves per year, or up to $500 million per year of revenue. The purchase price for the campus, facility and all equipment is $40 million.
Vijay Ullal, Maxim's vice president of Worldwide Process Technology, commented, "This world-class facility can be augmented, with additional equipment, to support annual revenues of up to $1 billion. It is production ready, and we intend to begin manufacturing operations by December 2004 to support our long-range revenue plan."