April 25, 2001 – Newbury Park, CA – Semtech Corp. has completed the sale of its Santa Clara, CA, wafer fabrication facility to STI Foundry Inc.
Semtech previously announced that it is exiting the foundry services business and intended to sell the Santa Clara facility.
The sale of the Santa Clara wafer fab is part of the company’s strategy to source a majority of its silicon wafers from outside foundries, according to Semtech. Only certain proprietary silicon fabrication processes will continue to be supported internally at the company’s other wafer fab facility.
The company expects no material financial impact as a result of the sale of the Santa Clara facility. Terms of the transaction were not disclosed. Semtech Corp. is a supplier of analog and mixed-signal semiconductors for the communication, computing and industrial markets.