Varian receives $70 million order from Samsung for semiconductor manufacturing equipment

Business Wire, Sept 6, 1995

PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 6, 1995--Varian Associates, Inc., today announced that it has received orders for its semiconductor manufacturing systems from Samsung Electronics Company, Ltd. of Korea, valued at more than $70 million.

Although specific details of the purchase were not disclosed, it includes state-of-the-art systems for making advanced design chips, as well as machines for high volume manufacturing of more standard devices, according to Varian Executive Vice President Richard A. Aurelio.

Aurelio said shipments of the new equipment from Varian's plants in California and Massachusetts, and a recently expanded Korean facility, are scheduled to get under way in the next 60 days and will continue into the first half of 1996.

"This marks another important milestone in our long working relationship with Samsung, which ranks as one of the great industrial powers of our time," said S.K. Suh, president of Varian Korea Limited. "We are very pleased that our association continues to grow even closer, allowing us to play a significant role in helping Samsung further strengthen its position as a world-class semiconductor manufacturer."

In addition to supplying device manufacturing equipment, parts, and service, Suh noted that Varian is partnering with Samsung in a multiphased joint program to develop advanced process technologies and equipment. Now in its fifth year, the current (third) phase of the joint agreement is scheduled to run through 1996.

Varian Associates, Inc. based in Palo Alto, Calif. is a $1.5 billion, diversified, high-technology company with core businesses in health care systems, semiconductor manufacturing equipment, and analytical instruments. Press announcements and other information about Varian are available on the Internet via the World Wide Web using a tool such as Netscape or NCSA Mosaic. Type http://www.varian.com at the prompt.

CONTACT: Varian Associates, Inc.

Gary Simpson, 415/424-5782

gar.simpson@whq.varian.com