INTEL and NANOTECH Sign Agreement for 200MM Manufacturing Process and Equipment

Nanotech Corporation and Intel Corporation today announced an agreement whereby Intel will provide manufacturing process technology and equipment for first phase of Nanotechs proposed wafer fabrication facility in Changzhou National Hi-Tech District, Changzhou, Jiangsu Province, China.

Hong Kong (PRWEB) June 19, 2004 -- Nanotech Corporation and Intel Corporation today announced an agreement whereby Intel will provide manufacturing process technology and equipment for first phase of Nanotechs proposed wafer fabrication facility in Changzhou National Hi-Tech District, Changzhou, Jiangsu Province, China. The agreement includes a license and technology transfer of Intels 0.35 micron and 0.25 micron CMOS process technology. It also includes the transfer of a line of matching 200 mm equipment to run the process and appropriate training for Nanotechs manufacturing staff. Under terms of the agreement Intel will provide equipment to run up to 15 thousand wafer starts per month.

"I am pleased that we will obtain equipment and proven technology from Intel, the worlds leading semiconductor manufacturer. Now is the time for Nanotech to carry out our mission of establishing a leading global semiconductor foundry company. I would like to thank Intel, and our investors for their support, and am looking forward to working with them in the future," said James Koo, CEO of Nanotech, Changzhou is next to Shanghai, the center of microelectronics of China. We have obtained full support of Changzhou, and therefore it presents an excellent opportunity."

This CMOS process technology and matching equipment has a proven track record for excellent performance. With Nanotechs aggressive schedule, this agreement should help them quickly begin operations and better serve their customers," said Gidu Shroff vice president and director of Materials, Intel Corporation.

The agreement between the companies is subject to government and other regulatory review. Other terms of the agreement are confidential.

Intel, the worlds largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.

Nanotech is an emerging semiconductor foundry targeting global customers with an innovative technology that will provide customers with superior quality, cost and time to market.

# # #

Contacts:            
Stephan Chen                        
Nanotech Corporation            
852-3427-9400                

Colleen Rubart
Intel Corporation
852-240-3782