For Release: November 7, 2000
Altera Confirms Potential Sale of WaferTech Interest
San Jose, Calif., November 07, 2000-Altera Corporation (Nasdaq: ALTR) announced today that it is in discussions with Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) regarding the ultimate purchase of Altera's ownership in WaferTech, LLC by TSMC.
Although final agreements have not been reached, Altera views the potential purchase of Altera's interest in WaferTech favorably. It is contemplated that a final agreement will be completed in either the fourth quarter of 2000 or the first quarter of 2001. Financial details on this transaction will not be disclosed until such an agreement is completed.
About Altera
Altera Corporation, The Programmable
Solutions Company, was founded in 1983 and is a leading supplier of programmable
logic devices (PLD's). Altera's CMOS-based PLD's are user-programmable
semiconductor chips that enhance flexibility and reduce time-to-market for
companies in the communications, computer peripheral, and industrial markets. By
using high performance devices, software development tools, and sophisticated
intellectual property cores, system-on-a-programmable-chip (SOPC) solutions can
be created with embedded processors, memory, and other complex logic together on
a single PLD. Altera common stock is traded on the Nasdaq Stock Market under the
symbol ALTR. More information on Altera is available on the Internet at http://www.altera.com.
Altera and The Programmable Solutions Company are trademarks and/or service marks of Altera Corporation in the U.S. and other countries.
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