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ON Semiconductor Corporation Completes Tender Offer for California Micro
Devices Corporation - 28 Jan, 2010
ON Semiconductor Corporation today employees and shareholders” portfolio with market-leading customers.
announced the successful completion of its “The acquisition of California Micro Devices This should enable us to accelerate revenue
tender offer for California Micro Devices will significantly strengthen our offering of growth for CMD’s products and
Corporation, which expired January 26, application specific integrated passive increase market share. We also believe
2010 at 12:00 midnight, New York City time. (ASIP) devices to protect products in the CMD’s products and operations will
wireless, computing and consumer benefit from ON Semiconductor’s
The 21,257,315 tendered shares represent electronics end-markets,” said Keith world-class manufacturing capabilities. We
approximately 90.5 percent of outstanding Jackson, ON Semiconductor president and intend to provide further details on the
California Micro Devices Corporation CEO. “In addition, CMD’s expertise in acquisition during our regularly scheduled
shares. An additional 339,156 shares were protection solutions for the high fourth quarter 2009 earnings call on
tendered by notice of guaranteed delivery. brightness LED (HBLED) market, as well as February 3, 2010.”
ON Semiconductor has accepted for their strengths in LC-based EMI
payment the shares validly tendered and not (electromagnetic interference) filtering and “California Micro Devices becoming a part
withdrawn. low capacitance ESD (electrostatic of ON Semiconductor represents a
discharge) protection, complement our compelling opportunity for our customers,
As a result of the valid tenders and existing portfolio of protection and lighting employees and shareholders,” said Robert
acceptance of payment, ON Semiconductor solutions. Dickinson, president and CEO of CMD.
will own more than 90 percent of
outstanding California Micro Devices With technology and process development “To compete successfully in today’s global
Corporation shares and expects to promptly expertise in ESD and EMI protection, CMD marketplace, size and scale are very
complete the acquisition of California Micro is highly differentiated in the marketplace – important so we are pleased to become part
Devices Corporation in accordance with as demonstrated by their strong of a leading global company in the
applicable provisions of Delaware law that relationships with leading global customers semiconductor sector.
authorize the completion of the merger as a across multiple large and growing
“short form” merger without a vote or applications. Combining our leading-edge protection
meeting of the stockholders of California technology with ON Semiconductor’s world-
Micro Devices Corporation. Combined with ON Semiconductor’s global class operational capabilities, supply chain
sales channel footprint and effective and global customer and channel footprint
“California Micro Devices becoming a part channels of distribution, we expect to be will enable CMD’s products to better
of ON Semiconductor represents a able to support a broader and deeper penetrate the mobile, consumer, laptop and
compelling opportunity for our customers, penetration of CMD’s overall product lighting end-markets.”
Camtek Introduces a New Semiconductor Inspection
System for the LED Market - 28 Jan, 2010
Camtek Ltd. (“Camtek” or the “Company”), compound semiconductor such as Gallium will further entrench our leading position in
today announced the introduction of a new Arsenide, Gallium Phosphate and/or Indium this market segment. Throughout the past
Semiconductor Inspection tool focused on Phosphate. The customers’ defect year, we have been benchmarked a number
the special requirements of the LED Market. specifications and unique inspection of times against competitors, and we have
process raise a significant challenge for AOI been chosen as the ‘tool of choice’ several
Camtek’s Condor 5LED is a new AOI suppliers to solve. times.
(Automated Optical Inspection) system
designed to provide solutions to a variety of Camtek has already been addressing the The Condor 5LED will strengthen our
requirements that are unique to LED special needs of this market for over two position in this market, and will allow us to
Semiconductor Manufacturers. years and has designed solutions on a per maintain and build on our technological
customer basis, built into existing platforms. leadership.”
The LED Market’s special inspection Camtek has installed 6 such systems in
requirements are characterized by 3-6 inch three countries in this time. The new Condor Mr. Porat concluded: “We are optimistic
wafers, each of which may contain between 5LED incorporates all Camtek’s experience with regard to this segment in 2010. Given
100 to over 200 thousand LED devices per in this space, into a singular and focused indications for significant growth from our
wafer. designated solution, targeted at the LED customers in the LED Market, we aim to
Market. Mr. Roy Porat, Camtek’s General grow our business with the Condor 5LED in
Typically the wafer is made of a translucent Manager commented: “The Condor 5LED the coming quarters and years.”
18 www.compoundsemiconductor.net January/February 2010
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