SiS approves eight-inch fab spin-off

Posted on Monday, November 10 2003 @ 18:53 CET by Thomas De Maesschalck
The shareholders of SiS today approved the spin-off of SiS his eight-inch fab:

  The shareholders of Silicon Integrated Systems (SiS) today approved the spin-off of the company’s eight-inch fab. After the company’s board of directors decides on the spin-off date, the fab will operate as an independent company, but SiS will retain 100% ownership. The chip designer suffered losses in 2000, 2001 and 2002 largely due to its money-losing fab operation, which entered mass production in the second quarter of 2000.

Source: DigiTimes

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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