austriamicrosystems AG
Ad hoc-Service: Austria Mikro Systeme Thesys
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Austria Mikro Systeme International AG and Thesys Place
Partnership on a New Commercial Footing
Austria Mikro Systeme International AG and the Free State of
Thuringia (owners of Thesys Gesellschaft für Mikroelektronik
mbH, Erfurt) will place the partnership between Austria
Mikro Systeme International and Thesys on a new commercial
and legal base.
When Austria Mikro Systeme International originally took a
stake in Thesys, in July 1995, the rationale was to
capitalise on the combined strength and position of the
companies in the ASIC market by utilising their design,
manufacturing and distribution capacities. However, as a
result of new economic and technical challenges and the
different market focus of each company, it has become
necessary to revise and restructure the existing co-
operation.
The 51.25% share in Thesys owned by Austria Mikro Systeme is
to be transferred to the Free State of Thuringia subject to
obtaining the necessary approvals from the relevant
authorities.
The new agreement, concluded on March 24th 1999, between
Austria Mikro Systeme International AG, the Free State of
Thuringia and Thesys, provides for a continued close
relation between the two companies. Austria Mikro Systeme
International will continue to use the wafer production
capacity of Thesys and the two companies will continue to co-
operate in other manufacturing areas, such as mask
production, testing and assembly. Each company will serve
its customer base with its own sales and marketing
organisations. However, existing business relations will be
largely unaffected.
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