SUNNYVALE, Calif., Jan. 31 /PRNewswire-FirstCall/ -- SST (Silicon Storage
Technology, Inc., (Nasdaq: SSTI)), a leader in flash memory technology, and
Nanotech Corp., an emerging semiconductor foundry located in Changzhou, China,
today announced the companies have entered into a multi-faceted investment,
technology licensing and foundry relationship. Under terms of the agreement,
Nanotech, will license SST's 0.25micron self-aligned SuperFlash technology,
thus providing Nanotech's foundry customers, who are developing programmable
logic and embedded flash memory products, access to SST's high-performance
flash memory technology. Additionally, Nanotech's fabrication facility in the
Changzhou National Hi-Tech District of the People's Republic of China (PRC)
will serve as a foundry for SST, manufacturing SST's
SuperFlash-based products at 0.25 micron process geometry. This
relationship significantly increases SST's access to low cost manufacturing
capacity, enabling the company to continue its dominance in the low-density
"Along with Shanghai, where we have foundry and technology licensing
partnerships with Grace Semiconductor, Hua Hong NEC and TSMC, Changzhou is
emerging as a critical center for microelectronics in China," said Bing Yeh,
president and CEO of SST. "We have received strong interest for our
SuperFlash technology from fabless semiconductor suppliers and system
designers throughout China, and this new relationship with Nanotech will help
broaden the availability of our embedded flash memory to meet growing demand."
As part of the agreement, SST, through its subsidiary SST International,
has purchased Series B preferred shares of Nanotech Corporation, incorporated
in Cayman Islands. Proceeds from the Series B and a new round of Series C
financing are expected to be used to build a new fabrication facility in
Changzhou, Jiangsu Province, China.
"SST's SuperFlash technology represents the gold standard in embedded
flash memory and we are pleased to be able to provide this industry-leading
technology to our customers," said James Koo, CEO of Nanotech. "We thank SST
for its participation in our Series B funding and look forward to working with
the company for years to come as we serve the global market with a
cost-optimized, technically robust foundry facility."
SST was among the first U.S.-based flash memory companies to implement a
strategy addressing China's rapidly growing semiconductor industry, and was
the first embedded flash provider to serve the Chinese design community. SST
established its wholly owned subsidiary, SST China, in March 2001 to provide
embedded flash memory design and manufacturing to Chinese design houses, as
well as to develop and sell flash memory, flash/RAM ComboMemory and embedded
controller products in the Chinese marketplace.
Nanotech is an emerging semiconductor foundry with an innovative
technology that will provide its customers with superior quality, cost and
time to market.
About SuperFlash Technology
SST's SuperFlash technology is a NOR type, split-gate cell architecture
which uses a reliable thick-oxide process with fewer manufacturing steps
resulting in a low-cost, nonvolatile memory solution with excellent data
retention and higher reliability. The split-gate NOR SuperFlash architecture
facilitates a simple and flexible design suitable for high performance, high
reliability, small or medium sector size, in- or off-system programming and a
variety of densities, all in a single CMOS-compatible technology.
About Silicon Storage Technology, Inc.
Headquartered in Sunnyvale, California, SST designs, manufactures and
markets a diversified range of nonvolatile memory solutions, based on
proprietary, patented SuperFlash technology, for high volume applications in
the digital consumer, networking, wireless communications and Internet
computing markets. SST's product families include various densities of high
functionality flash memory components, flash mass storage products and flash
microcontrollers. SST also offers its SuperFlash technology for embedded
applications through its world-class manufacturing partners and technology
licensees including 1st Silicon (Malaysia) Sdn. Bhd., Grace Semiconductor
Manufacturing Corporation (Grace), IBM, Motorola, Inc., National Semiconductor
Corporation, NEC Corporation, Oki Electric Industry Co. Ltd., Samsung
Electronics Co. Ltd., SANYO Electric Co., Ltd., Seiko Epson Corp., Shanghai
Hua Hong NEC Electronics Co., Ltd., Taiwan Semiconductor Manufacturing Co.
Ltd. (TSMC), Toshiba Corporation, Vanguard International Semiconductor
Corporation and Winbond Electronics Corp. TSMC offers embedded SuperFlash
under its trademark Emb-FLASH. Further information on SST can be found on the
company's Web site at http://www.sst.com .
Except for the historical information contained herein, this news release
contains forward-looking statements regarding flash memory market conditions,
the company's future financial performance, the performance of new products
and the company's ability to bring new products to market that involve risks
and uncertainties. These risks may include timely development, acceptance and
pricing of new products, the terms and conditions associated with licensees'
royalty payments, the impact of competitive products and pricing, and general
economic conditions as they affect the company's customers, as well as other
risks detailed from time to time in the company's SEC reports, including the
Annual Report on Form 10-K for the year ended December 31, 2003 and on Form
10-Q for the quarter ended March 31, June 30 and September 30, 2004.
For more information about SST and the company's comprehensive list of
product offerings, please call 1-888/SST-CHIP. Information can also be
requested via email to email@example.com or through SST's Web site at
http://www.sst.com . SST's head office is located at 1171 Sonora Court,
Sunnyvale, Calif.; telephone: 408-735-9110; fax: 408-735-9036.
NOTE: The SST logo and SuperFlash are registered trademarks of Silicon
Storage Technology, Inc. Emb-FLASH is a trademark of TSMC. All other
trademarks or registered trademarks are the property of their respective
For More Information Contact:
408-369-1500 ext. 27
Sr. Director, Technology Licensing &
Silicon Storage Technology, Inc.
852-3427-9400 (Hong Kong)
SOURCE Silicon Storage Technology, Inc.