REC has entered into a significant long term agreement for supply of multi crystalline silicon wafers to an existing customer. Under the agreement, REC will deliver wafers until 2013 worth about NOK 2 billion.
The company prepares for disposal and deconsolidation of Qimonda, the investment is reclassified into “Assets Held for Sale“. Qimonda’s operations and balance sheet are unaffected by Infineon’s write down while remaining assets not impaired
The company, a supplier of lithography solutions based on NanoImprint Lithography and Electron Beam Lithography announced that an agreement has been signed with one of the leading global HD media manufacturer concerning SINDRE HDD (Hard Disk Drive) mass production system.
Technology Chief leaves Advanced Micro Devices (AMD) following the departure of Henri Richard, Chief Of Sales, and Dave Orton, Chief Of Graphics, during a time the company posts losses whilst competing with Intel.