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BUSINESS
July 11, 1986
Despite the continuing sluggishness of the computer industry, Silicon Systems Inc. reported net earnings of $556,000 for the third quarter of its fiscal 1986, more than twice the $261,000 reported a year ago. The Tustin-based semiconductor maker said record revenues of $19.7 million helped fuel the rebound for the three-month period ended June 28. Revenues were $11.1 million in the year-ago quarter. Owing to first-quarter losses of $2.4 million, Silicon Systems posted a $1.
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BUSINESS
June 5, 1996 | GREG MILLER, TIMES STAFF WRITER
Texas Instruments Inc. said Tuesday that it has agreed to acquire Silicon Systems Inc. of Tustin, a maker of semiconductors used in computer disk drives, from TDK USA Corp. for $575 million in cash and a long-term note. Silicon Systems will remain based in Tustin and become a wholly owned subsidiary of Texas Instruments, the Dallas-based maker of a range of high-tech products, including printers and laptop computers.
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BUSINESS
August 7, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Silicon Systems Inc., a semiconductor manufacturer owned by Japan's TDK Corp., said Monday that it has reorganized its operations as part of a long-term plan to fuel the company's growth and boost employment during the 1990s. Carmelo Santoro, president of Silicon Systems, said the firm expects to add as many as 700 jobs in Orange County and elsewhere by the end of 1991, which would bring its total employment to 2,300. The company is currently trying to fill 170 jobs.
BUSINESS
November 2, 1994 | From Times Staff and Wire Reports
Silicon Systems Moving Some Workers Out of Orange County: The Tustin-based company, which makes computer circuits, confirmed that it is moving its manufacturing operations. The privately held company, a subsidiary of Tokyo-based TDK Corp., said it will keep its corporate headquarters, main design center and about 800 of its employees in Tustin. It will move its remaining 150 manufacturing workers to a new plant, to be built at a site not yet chosen.
BUSINESS
August 3, 1988 | DAVID OLMOS
Silicon Systems has bought a computer microchip manufacturing facility in Santa Cruz from AT&T Technologies in a move that the Tustin firm said will double its production capacity. Silicon Systems, a manufacturer of computer memory chips, did not disclose the price for the facility. The Tustin firm said it plans to employ 100 people at the Santa Cruz facility by early 1989, when the plant is expected to begin full production. The company will also locate a chip design center at the new site.
BUSINESS
December 21, 1990
Silicon Systems Inc. said Thursday that it has sued a San Jose computer chip company for alleged infringement of two patents covering technology that governs recovery of data in computer disk drives. Martin Jurick, senior vice president of corporate planning for Silicon Systems, said the suit filed in federal court in Los Angeles accuses Exar Corp. of copying the patented circuitry of the firm's SSI 32D532 data recovery product.
BUSINESS
January 20, 1985 | JESUS SANCHEZ, Times Staff Writer
Despite Silicon System's hefty 53% increase in first-quarter net income and a 74% rise in revenue, the Tustin maker of computer chips has implemented cost control measures in the face of a slowing sales pace and "uncertain economic conditions." "Some (general) expansion plans are being looked at a second time," said company spokesman Larry Pepper, as Silicon Systems executives look at all expenses with "greater scrutiny."
BUSINESS
September 12, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
Carmelo J. Santoro, chief executive of Silicon Systems Inc., said Wednesday that he is turning over his post of president and is stepping down from day-to-day management of the semiconductor company he has run for nearly a decade. Santoro said Alan V. King, a former executive at a Silicon Valley semiconductor firm, will join the company Monday as president and chief operating officer.
BUSINESS
March 5, 1985 | CARLA LAZZARESCHI, Times Staff Writer
Silicon Systems of Tustin, pursuing its goal of attracting new customers, has acquired a majority interest in SilCom, new specialty electronic component design and development company in Lake Forest. A spokesman for Silicon Systems said the move is expected to give the company, which invested less than $1 million in the venture, a new outlet for its major product: silicon chips.
BUSINESS
October 28, 1987 | VICKY CLEPPER
Silicon Systems' board of directors authorized the repurchase of up to 500,000 shares, or about 8% of its common stock outstanding, over the next 90 days. The company is the latest of 12 Orange County firms that have instituted buyback programs since the Oct. 19 crash sent stock prices plummeting. Depending on market conditions, Silicon Systems said, it will acquire the shares in the open market or through privately negotiated transactions.
BUSINESS
November 2, 1994 | DEBORA VRANA, TIMES STAFF WRITER
Silicon Systems, a fast-growing Tustin company that makes computer circuits, confirmed Tuesday that it is moving its manufacturing operations out of Orange County. The privately held company, a subsidiary of Tokyo-based TDK Corp., said it plans to keep its corporate headquarters, main design center and about 800 workers in Tustin. It will move its remaining 150 manufacturing workers to a new plant, the site for which has not yet been selected.
BUSINESS
October 23, 1994
Scott Adams has joined CareLine Inc., an Irvine ambulance company, as president, succeeding M. Keith Huzyak. Huzyak will remain as chairman of the board and chief executive officer. Adams was also appointed to the newly created position of chief operating officer. He has served on CareLine's board since the company's inception.
BUSINESS
March 9, 1994
Donald MacLennan has joined Silicon Systems, a Tustin semiconductor company, as vice president and general manager of the communication products division. He succeeds Rick Goerner, executive vice president of Silicon Systems, who had been the division's acting general manager. Before joining the company, MacLennan had been with Sierra Semiconductor Corp. since 1985, most recently as vice president and general manager of multimedia products.
BUSINESS
July 21, 1992 | Dean Takahashi, Times staff writer
After a brief reconciliation, they're back in court. Silicon Systems Inc., a manufacturer of customer computer chips in Tustin, has filed a second patent-infringement lawsuit in federal court against competitor Exar Corp. in San Jose. The suit, filed in federal court in San Francisco, alleges that Exar infringed on a patent despite a settlement agreement reached in October, 1991, between the two companies.
BUSINESS
March 4, 1992 | From Times Staff and Wire Reports
Stepping Down: Carmelo J. Santoro said Tuesday that he plans to step down as chief executive of Tustin-based chip maker Silicon Systems after more than a decade in the job. Santoro, who will continue to serve as chairman of the company, will be replaced April 1 by Alan V. King, who was appointed president and chief operating officer six months ago. Santoro has held key management positions with the semiconductor manufacturer since 1973.
BUSINESS
September 30, 1986
Silicon Systems Inc. of Tustin said that it has entered into an agreement with Cirrus Logic Inc. of Milpitas in which the companies will jointly provide original equipment manufacturers with integrated circuits normally used in Winchester Disk Drives.
BUSINESS
July 21, 1992 | Dean Takahashi, Times staff writer
After a brief reconciliation, they're back in court. Silicon Systems Inc., a manufacturer of customer computer chips in Tustin, has filed a second patent-infringement lawsuit in federal court against competitor Exar Corp. in San Jose. The suit, filed in federal court in San Francisco, alleges that Exar infringed on a patent despite a settlement agreement reached in October, 1991, between the two companies.
BUSINESS
February 12, 1992
Silicon Systems Inc., a semiconductor manufacturer, said Tuesday it laid off 90 employees worldwide due to a slowdown in orders because of the recession. Mark Jorgensen, spokesman for the company, said it is reducing its work force because of reduced orders for chips used in varied computer products, such as computer disk drives, which store data. "We had built a work force to accommodate a continued growth market about a year ago, and that did not come about," he said.
BUSINESS
September 12, 1991 | DEAN TAKAHASHI, TIMES STAFF WRITER
Carmelo J. Santoro, chief executive of Silicon Systems Inc., said Wednesday that he is turning over his post of president and is stepping down from day-to-day management of the semiconductor company he has run for nearly a decade. Santoro said Alan V. King, a former executive at a Silicon Valley semiconductor firm, will join the company Monday as president and chief operating officer.
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