the SEC to withdraw the registration statement on Form S-1 for a proposed IPO of common stock that it filed on March 19, 2004, due to market con- ditions. www.oasissemi.com
grown on average by more than 40% annually over the past five years. Tom Werner, CEO. www. sunpowercorp.com
Silicon Border Development has fi- nalized agreements with the Mexi- can federal and Baja California state governments for a development grant and an expanded exclusivity agree- ment for a specialized science park that will establish a strategic alter- native for semiconductor operations in North America. The federal gov- ernment of Mexico and the State of Baja California are jointly providing a grant to Silicon Border Develop- ment to develop the high-technolo- gy park in Mexicali, capital city of Baja California. The amount of the grant was not disclosed, but a por- tion comes from Mexico’s federal Prosoft program, formed to support technology development throughout the country. DJ Hill, chairman. www.siliconborder.com
Tower has agreed to sell all of its holdings in Saifun Semiconductor to a U.S.-based private equity inves- tor for approximately $39 million in cash. Following the transaction, Tow- er will record a $32 million capital gain in Q4. The 1997 NVM technol- ogy agreement between Tower and Saifun remains unchanged. www. towersemi.com
TriQuint is repositioning its opto- electronics business strategy to be- come a leading supplier of components and chips for optical networking applications. This re- structuring is expected to result in the elimination of approximately $18 million of annual costs associated with this business beginning in 2005. Upon completion, in mid-2005, the business is projected to be at or near cash breakeven.
SunPower, a subsidiary of Cypress, will expand the manufacturing ca- pacity of its solar cell factory in the Philippines to 50 MW by 2H’05, doubling its current capacity. Follow- ing the launch of its product line in June 2004, demand has far exceeded the capacity of its first 25 MW pro- duction line. The new production line will be constructed within the com- pany’s existing 225,000 square-foot SunPower Manufacturing Limited (SPML) facility near Manila. The building footprint is designed to al- low future capacity expansion to more than 100 MW, approximately 32 million wafers per year. Accord- ing to Strategies Unlimited, solar electric system shipments are pro- jected to have increased by 47% to more than 990 MW in 2004 and have
The company will focus on InP com- ponents, chips, sub-assemblies and technology; discontinue further in- vestment in pluggable optical mod- ules; eliminate approximately $18 million of annual costs including re- duction in force of approximately 110 employees in Pennsylvania and approximately 90 employees in Mex- ico; and continue active support of products currently in volume produc- tion for existing customers. TriQuint is projecting that the remaining prod- uct lines, along with the existing GaAs-based optical products, will have revenues of approximately $7 to $9 million per quarter. Ralph Quinsey, president and CEO. www.triquint.com ■
amount of $61.6 million. This will settle all outstanding litigation by Synopsys against Nassda and certain Nassda officers, directors and em- ployees. www.synopsys.com, www.nassda.com
TriQuint has entered into a defini- tive agreement to acquire TFR Tech- nologies in a cash transaction. Terms were not disclosed. TFR is a provid- er of thin film resonator filters for communication applications using bulk acoustic wave (BAW) or film bulk acoustic resonator (FBAR) tech- nology. BAW-based filters are a nat- ural complement to surface acoustic wave (SAW) filters that are widely used in today’s wireless phones. BAW technology expands the fre- quency range of TriQuint’s acoustic filter technology from 2.5 GHz, the high end of SAW filter design param- eters, to over 10 GHz. TFR is a prof- itable operation. Ken Lakin, president and founder of TFR; Ral- ph Quinsey, president and CEO of TriQuint. www.triquint.com ■
Business & Financials
Alliance has shipped more than 20 million Microprocessor Supervisor’s and has introduced 21 new supervi- sor families over the past 16 months. Nelson Arata, product marketing manager, Analog and Mixed Signal business unit. www.alsc.com
Intel expects revenue for Q4 to be between $9.3 and $9.5 billion, high- er than the previous range of $8.6 billion to $9.2 billion. Gross margin is expected to be between 55 and 57%.
Oasis Semiconductor, a supplier of ICs to the All-In-One (AIO) periph- eral market, has filed a request with
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