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CMD, MagnaChip sign foundry, process tech deal

Posted: 22 Aug 2007 ?? ?Print Version ?Bookmark and Share

Keywords:strategic agreement? foundry? process technology?

California Micro Devices (CMD) and MagnaChip Semiconductor Ltd have announced a strategic foundry business and process technology transfer agreement.

Under this agreement, MagnaChip is expected to port proprietary CMD process technology to its fab in Gumi, South Korea, to enable the production of CMD protection chips for mobile handsets and digital CE applications. Additionally, CMD will use MagnaChip's existing 0.35? 5V/18V high-voltage processes in MagnaChip's fabrication facilities in Cheongju, South Korea to enable the production of CMD's PhotonIC LED driver chips.

"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," said Channy Lee, executive VP and general manager of MagnaChip's specialty manufacturing service business. "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," said Manuel Mere, CMD VP of operations and information systems. "We look forward to bringing up the processes and production this year."

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