HSIN-CHU, Taiwan and BOISE, Idaho, Dec. 3, 2014 - Powertech Technology Inc. (PTI) (6239. TW), a leading supplier of integrated circuit (IC) backend services, and Micron Technology, Inc. (Micron) (NASDAQ: MU), today announced that they have entered into a series of agreements forming the basis of a long-term strategic relationship for assembly and packaging services in Xi'an, China.
Under the agreements, Micron will complement its existing test and module manufacturing operations in the Xi'an High Tech Zone through the construction of a new assembly and packaging facility. Upon its completion, PTI will occupy the assembly facility and provide Micron with assembly and packaging services for a period of several years.
"As a leading provider of backend services to the semiconductor industry, PTI is pleased to team with Micron to develop this new assembly facility in Xi'an and further expand PTI's services throughout the region," said PTI CEO DK Tsai.
"Micron has enjoyed a strong and productive relationship with the Xi'an High Tech Zone operating our existing test facility there, and collaborating with PTI allows us to efficiently enhance our worldwide integrated manufacturing operations and decrease cycle-time," said Rick Bunch, Micron Vice President of Backend Manufacturing.
About Powertech Technology Inc. (PTI)
Founded in 1997, Powertech Technology Inc. (PTI) is the world's leading provider for IC backend services. The services cover IC chip probing, packaging, final testing and burn in to end products with drop shipments to worldwide end customers. With more than 10,000 employees in the world, PTI has world-class manufacturing plants in Hsin-Chu, Chunan of Taiwan, Suzhou of China and Singapore. With strategic alliances and continuous improvements, PTI offers reliable quality by implementing mainstream technology to fulfill the customers' demands. With the strength, PTI aggressively invested in advanced technology and providing the best quality and service for customers. PTI has committed to become a great partner with its customers, vendors, shareholders, and employees.
About Micron Technology
Micron Technology, Inc., is a global leader in advanced semiconductor systems. Micron's broad portfolio of high-performance memory technologies-including DRAM, NAND and NOR Flash-is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer, enterprise storage, networking, mobile, embedded and automotive applications. Micron's common stock is traded on the NASDAQ under the MU symbol. To learn more about Micron Technology, Inc., visit www.micron.com.
Micron and the Micron orbit logo are trademarks of Micron Technology, Inc. All other trademarks are the property of their respective owners.
Contacts:
Powertech Technology Inc.
Evan Tseng
Email: evant@pti.com.tw
Phone: 886-3-598-0300
Micron Technology Inc.
Daniel Francisco
Email: dfrancisco@micron.com
Phone: 1-208-368-5584