“The flip chip bumping services performed by this business unit are no longer a strategic fit with the company’s mission and goals,” says Maurice Carson, vice president and chief financial officer of K&S. “However, we did take care to find a buyer that would continue operating this business with most of the existing employees in order to provide a smooth transition for our current customers. This business represented 4 percent of the company’s revenue for the first fiscal quarter ended December 31, 2003. The sale will be cash flow positive for the company. Going forward, we anticipate the sale of this business will have little impact on the company financials.”

(February 11, 2004) San Jose, Calif.&#8212The Fabless Semiconductor Association (FSA) announced that the amount of funding raised by fabless companies increased sequentially 23 percent quarter-over-quarter (QoQ) in Q4 2003.