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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MAY 19, 1999
LSI LOGIC CORPORATION
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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DELAWARE 0-11674 94-2712976
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(STATE OR OTHER JURISDICTION OF (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NO.)
INCORPORATION OR ORGANIZATION)
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1551 MCCARTHY BOULEVARD
MILPITAS, CALIFORNIA 95035
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(ADDRESS, INCLUDING ZIP CODE, OF PRINCIPAL EXECUTIVE OFFICES)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:
(408) 433-8000
NOT APPLICABLE
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
The information that is set forth in the Registrant's Press Release dated
May 19, 1999 is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Text of Press Release dated May 19, 1999
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LSI LOGIC CORPORATION
A Delaware Corporation
Dated: June 1, 1999 By: /s/ R. Douglas Norby
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R. Douglas Norby
Executive Vice President, Finance
and Chief Financial Officer
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EXHIBIT INDEX
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Exhibit
Number Description
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99.1 Text of Press Release dated May 19, 1999
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Investor Contact: Diana Matley
408-433-4365
Media Contact: Kevin Brett
408-433-7150
LSI LOGIC AND SILTERRA(TM) ANNOUNCED $120 MILLION TECHNOLOGY
LICENSING AGREEMENT
MILPITAS, CA -- LSI Logic Corporation (NYSE: LSI) and Silterra(TM) (Malaysia)
Sdn. Bhd., a wholly-owned subsidiary of Wafer Technology (Malaysia) Sdn. Bhd.,
announced today a technology licensing and manufacturing agreement valued at
$120 million to LSI Logic.
Under terms of the five-year Agreement, LSI Logic will license its deep
sub-micron G11+(TM) and G12(TM) process technologies to Silterra for use in its
Kulim, Malaysia factory, which will be operational in Q4 2000. LSI Logic will
receive $120 million in licensing fees, cost-sharing benefits and an undisclosed
equity position in Wafer Technology (Malaysia).
As a result of this agreement, LSI Logic will share development costs with
Silterra and will have access to Silterra's foundry services to respond customer
demand.
"The global semiconductor industry is in a growth mode, driven by the rapid
increase in Internet acceptance," said Wilfred J. Corrigan, LSI Logic chairman
and chief executive officer. "This agreement will give us additional flexibility
to quickly respond to additional capacity demands, and it allows us to share
process development costs with Wafer Technology."
"The licensing agreement is good for both companies," said Cy Hannon, Silterra
president and CEO. "Access to this technology positions Silterra as a serious
competitor in the semiconductor manufacturing services industry. We will
aggressively pursue all opportunities to develop a share in the market segment
covered by the licensed technologies."
LSI Logic's G12(TM) system-on-a-chip process (0.18 micron drawn, 0.13 effective)
technology enables customers to combine radio frequency, mixed-signal, logic and
embedded memory on one chip. The process technology offers 26 million usable
logic gates on a tiny 20-by-20 millimeter (3/4 x 3/4-inch) silicon chip.
The LSI Logic-Wafer Technology (Malaysia) technology licensing and manufacturing
agreement is subject to regulatory approval by the Malaysian government and
completion of certain closing conditions.
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ABOUT LSI LOGIC
LSI Logic Corporation (NYSE: LSI), The System on a Chip Company(R), is a leading
supplier of custom high-performance semiconductors with operations worldwide.
The company enables customers to build complete systems on a single chip with
its CoreWare(R) design program, increasing performance, lowering system costs
and accelerating time to market. LSI Logic develops application-optimized
products in partnership with trendsetting customers and operates leading edge,
high-volume manufacturing facilities to produce submicron chips. The company
maintains a high level of quality, as demonstrated by its ISO 9000
certifications. LSI Logic is headquartered at 1551 McCarthy Boulevard, Milpitas,
CA 95035, 408-433-8000, www.lsilogic.com.
ABOUT SILTERRA
Silterra (Malaysia) Sdn. Bhd., a wholly-owned subsidiary of Wafer Technology
(Malaysia) Sdn. Bhd., was founded in December 1997 to manage international sales
and marketing operations in the U.S., Asia and Europe markets. Silterra is a
full-service semiconductor manufacturing provider that offers customers
leading-edge process technologies. Silterra's factory will be operational in Q4
2000, ramping to 30,000 eight-inch wafers per month by 2002. Silterra will have
immediate access to LSI Logic's capacity on the license technologies to qualify
and develop customers. Silterra is headquartered in Kulim, Malaysia, with a
sales and marketing office in Sunnyvale, California. For further information on
Silterra or in services, visit www.silterra.com.
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1. The LSI Logic logo design, The System on a Chip Company and CoreWare are
registered trademarks of LSI Logic Corporation.
2. All other brand or product names may be trademarks or registered trademarks
of their respective companies.
