NATIONAL SEMICONDUCTOR TO SELL DYNA-CRAFT INCORPORATED
Carsem Enterprises to Buy National's Subsidiary Business
SANTA CLARA, CA and Kuala Lumpur, Malaysia, November 9, 1995 --National Semiconductor signed an agreement today to sell its subsidiary lead frame business, Dyna- Craft Inc. (DCI) to Malaysia Pacific Industries' (MPI) semiconductor division, Carsem Enterprises. The agreement includes the company's 1550 employees, all buildings, land and capital equipment of DCI's sites in Santa Clara, California; Murrysville, Pennsylvania; and Penang, Malaysia. Subject to governmental approvals, the transfer is expected to be completed by the end of March 1996. Currently, Dyna-Craft represents three percent of National's total trade sales and National expects no material financial impact from this transaction."The sale of DCI continues our previously-announced strategy to focus resources on our core analog and mixed signal technologies," explained Dr. Gilbert Amelio, Chairman, CEO and President of National Semiconductor. "These include semiconductor-intensive moving and shaping products that make it easier for people to use electronic equipment."
"We are confident that MPI will become a key partner and supplier of lead frames to National and the rest of the semiconductor industry," said Dr. Amelio.
"Lead frames remain an important element of the total semiconductor manufacturing process, allowing manufacturers to deliver integrated circuits in smaller and more compact packaging. MPI has the expertise required to maintain operations and grow the leadframe business," explained David Comley, managing director of MPI's semiconductor division. "DCI is a vital part of the semiconductor business and we will continue to be a leading force in the semiconductor industry."
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