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14 Mar 2003
Including news from DALSA, Philips, Cymer, Printable Field Emitters and more.
• DALSA has received three contracts worth a total of USD 7.6 million. The first, with a value of USD 5.5 million, will see the Canadian imaging giant supply high-performance image sensors to a maker of television cameras over the next 36 months. The remaining contracts, placed by two research institutes, are for customized image sensors to be delivered over the next 18 to 24 months.
• UK-based display start-up Printable Field Emitters has secured EURO 3.69 million in venture capital funding. "We have the only cathode technology that has the stability and long life for use in flat, thin consumer TVs, at a cost approaching that of conventional CRT-type TVs," said Bill Freer, the company's non-executive chairman.
• Leica Geosystems is supplying the Ford Motor Company with eight laser tracking systems. Ford says the systems will for inspection and measurement in assembly and tooling processes. Financial terms were not disclosed.
• Philips has announced plans to bring its semiconductor division back to profitability by the fourth quarter of 2003. The company will close its fabrication facility in San Antonio, US and consolidate its non-manufacturing sites. The plans will reduce the company's overall headcount by approximately 1600.
• Cymer, a US maker of excimer lasers, has opened an office in Shanghia in response to China's expanding semiconductor market. China's Center of Industry Development expects the country's demand for semiconductors to grow from USD 15.2 billion in 2002 to USD 36.1 billion in 2005.
• LG.Philips Displays, a leading manufacturer of cathode ray tubes for televisions, has posted annual sales of USD 4.4 billion and a profit of USD 165 million for 2002. The Hong Kong-based company is joint venture between LG Electronics of Korea and Philips of the Netherlands.
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