ZMD AG Announces Expansion of Fab Business

March 31, 2004 by Jeff Shepard

ZMD AG (Dresden, Germany), a leading ASIC/ASSP company specializing in design, production and marketing of high-performance, mixed-signal application-specific integrated circuits and application-specific standard products, announced that it has launched ZFOUNDRY (Dresden, Germany), a wholly owned subsidiary, to focus on its expanded foundry business in the analog mixed-signal and power IC arena.

"We believe that our foundry business is important enough to stand on its own," said Thilo von Selchow, chief executive officer of ZMD AG and ZFOUNDRY. "The ZFOUNDRY name reflects our repositioning of the company within the marketplace and our re-branding initiatives for a strong market identity. Our objective is to become the first choice for outsourcing of analog mixed-signal and power IC foundry business, and a long-term reliable partner for the world‘s best semiconductor companies. We intend to further enable our customers to reduce developmental, manufacturing and logistics costs, increase service levels, and realize higher profits. We want to be seen as a partner of choice and essential in our customer’s development and manufacturing process."