Xicor Sells Milpitas Fab to Standard MEMS

Milpitas, California–Oct. 26, 2000–A definitive agreement has been signed by Xicor, Inc. to sell its Milpitas 6-inch wafer fab assets and inventory to Standard MEMS for approximately $12.5 million. Under a related agreement, Standard MEMS will become Xicor’s fourth foundry.

“The addition of this 6-inch wafer fabrication facility, coupled with our 8-inch wafer fabrication joint venture with Philips Semiconductor, tremendously expands Standard MEMS’ capability and capacity,” says Nicholas E. Ortyl, Standard MEMS president and CEO. “Additionally, Standard MEMS is pleased to be able to provide present and future generations of products to Xicor.”

The sale of the fab and the related foundry agreement will move Xicor to a fabless business model, according to the company, and enable it to increase its focus on design and marketing of new products.

Commencement of foundry operations by Standard MEMS is expected to occur during the current fiscal quarter.


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