News Article
CinTel’s transfers Fairchild Korea Semiconductor Co
CinTel Corp. is pleased to announce that its subsidiary in China, Phoenix Semiconductor and Telecommunication Suzhou (PSTS), has completed transfer of the Fairchild Korea Semiconductor Co., Ltd's package assembly and test line for their 8SOP HVIC product line from STS Semiconductor and Telecommunication in Korea and has started mass production as of November 2006.
CinTel Corp. is pleased to announce that its subsidiary in China, Phoenix Semiconductor and Telecommunication Suzhou (PSTS), has completed transfer of the Fairchild Korea Semiconductor Co., Ltd's package assembly and test line for their 8SOP HVIC product line from STS Semiconductor and Telecommunication in Korea and has started mass production as of November 2006. PSTS expects to produce more than 12,000,000 units per year with this contract.It also plans to transfer additional assembly and test lines for 8MOS, TO-22OF/P products for Fairchild Korea Semiconductor Co., Ltd from STS Semiconductor and Telecommunications in Korea in December 2006 and will start mass production, after quality assurance measures are reviewed, in January 2007. PSTS expects to produce more than 42,000,000 of these units per year.Specialized products of Fairchild Korea Semiconductor provided under these transfers are Power IC and Switching IC units, which regulate and distribute high voltage and high electric current for home appliances such as TV, DVD Player, Washing Machine and Audio.After PSTS qualified as an assembly and test site for Fairchild's devices, such as 8SOP, 10SOP, 14SOP, 8DIP, 14DIP and others, in 2005 and 2006, PSTS has transferred assembly and test lines already from STS Semiconductor and Telecommunication in Korea for Fairchild in 2005 and anticipates the subsequent transfer of additional lines for Fairchild Korea and other customers, like Samsung Electronics Corp., in the coming years.We expect these two additional lines that are coming online in the final months of 2006 to result in at least an additional $5,000,000 in annual sales in 2007, which is in addition to the $8,000,000 in annual sales resulting from contracts with Samsung Electronics LCD (Suzhou). Additional subsequent transfers of assembly and test lines and new contracts with additional customers will result in significantly increased sales in the coming year.Joo Ho Choi, the manager of PSTS, said, "We are pleased to add these high tech product lines through this contract. We are now securing production capacity for various products and expect additional sales to new customers with high voltage product lines in the near future."Sang-Don Kim, the CEO and President of CinTel Corp., said, "PSTS is now diversifying its customer base with other world class customers, such as Fairchild Semiconductor, while maintaining strong relationships with current major customers like Samsung Electronics. This will secure the stable and rapid growth of production at PSTS."
