Maxim Integrated Products Inc. (Sunnyvale, CA) announced that it has purchased from Philips its 8in semiconductor wafer fabrication facility in San Antonio, TX. The acquisition includes a 168-acre campus site with a submicron 8in wafer fabrication facility capable of producing eight million moves per year, or up to $500 million per year of revenue. The purchase price for the campus, facility and all equipment is $40 million.
Vijay Ullal, Maxim's vice president of Worldwide Process Technology, commented, "This world-class facility can be augmented, with additional equipment, to support annual revenues of up to $1 billion. It is production ready, and we intend to begin manufacturing operations by December 2004 to support our long-range revenue plan."
