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STATS forms alliance with SimmTech

Posted: 05 Jan 2004 ?? ?Print Version ?Bookmark and Share

Keywords:st assembly test services? stat? simmtech? semiconductor? telecommunication?

ST Assembly Test Services Ltd (STATS) has formed a strategic alliance with SimmTech Co. Ltd, a provider of semiconductor substrate materials and telecommunications-related PCBs, for substrate support and technology.

Under the terms of the strategic alliance, STATS will invest about $15 million through a collateralized convertible note in Simmtech, and Simmtech will commit to supply guaranteed amount of PCB substrates to STATS over the next five years. Simmtech will utilize the cash investment for capacity expansion to support STATS requirements and future growth. In addition, Simmtech and STATS also agree to work together to co-develop certain substrate enabling technologies.

This strategic alliance will allow STATS and Simmtech to jointly work on enabling substrate technology and engineering alignment. Simmtech will also guarantee the supply of part of our substrate requirements as we continue to ramp up laminate packages in line with our customers' migration from traditional lead-frame packages. Apart from giving STATS flexibility on delivery lead-times, Simmtech will provide STATS with capacity allocations and technology support.

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