Philips Semi and Taiwan Semi Report that their Joint Venture is Ahead of Schedule

Philips Semiconductors, an affiliate of Royal Philips Electronics, and Taiwan Semiconductor Manufacturing Co. (TSMC, Taiwan) announced that the Systems-on-Silicon Manufacturing Co. (SSMC, Singapore) being built is ahead of schedule and ready for the installation of manufacturing equipment. SSMC is the joint venture company of Philips Semiconductors, TSMC and the Singapore Economic Board Investments."Construction started less than a year ago and now we are installing the first tools, which sets a benchmark for constructing a fab of this scale," said Peter Yates, SSMC's CEO.