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Silicon Systems Inc

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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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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
April 14, 1987
Citing the strong disk-drive market, Silicon Systems Inc. said net income for its fiscal 1987 second quarter ended March 28 more than tripled to $325,000 from $105,000 in the period a year ago. Sales increased 21% to $19.5 million from $16.1 million in the same period last year. Its profit came to $627,000, compared to last year's net loss of $2.3 million. Total sales for the first half of the year jumped by 34% to $36.8 million from $27.4 million last year. Silicon Systems Inc.
CALIFORNIA | LOCAL
October 21, 1995 | JOHN POPE
By offering a package of incentives, the city has persuaded Silicon Systems Inc. to remain in Tustin, Mayor Jim Potts announced this week. "This has been over a year in the making," Potts said. "It will be a real boon to the community." As part of the incentive package, the city has agreed to waive all planning, plan check and building permit fees for any improvements the computer chip manufacturer wants to make over the next five years.
BUSINESS
September 6, 1990
Carmelo J. Santoro has been appointed a director of AST Research Inc., the Irvine personal computer manufacturer. He succeeds Phillip D. Matthews, who resigned after serving on the AST board of directors since May, 1987. Santoro is the president and chief executive of Silicon Systems Inc., a Tustin manufacturer of integrated circuits. Santoro, with more than 25 years of experience in high-technology manufacturing companies, also serves on several other boards in the electronics industry.
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
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
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
January 18, 1987
Silicon Systems Inc., a Tustin semiconductor manufacturer, posted fiscal 1987 first-quarter earnings of $302,000, compared with a net loss of $2.4 million for the year-earlier period. Revenue for the first quarter ended Dec. 27 was $17.4 million, a 54% increase from $11.3 million for the year-ago quarter.
CALIFORNIA | LOCAL
October 21, 1995 | JOHN POPE
By offering a package of incentives, the city has persuaded Silicon Systems Inc. to remain in Tustin, Mayor Jim Potts announced this week. "This has been over a year in the making," Potts said. "It will be a real boon to the community." As part of the incentive package, the city has agreed to waive all planning, plan check and building permit fees for any improvements the computer chip manufacturer wants to make over the next five years.
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
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.
CALIFORNIA | LOCAL
October 26, 1992 | ANDREA HEIMAN
Twice a week at the end of the day at Robert P. Heideman Elementary School, rather than heading to play, students gather in the library to begin their studying. They don't even seem to mind it. In a program recently developed among the city, Heideman and Silicon Systems, employees from the Tustin-based company take a couple of hours each week to assist first- through fifth-graders in math, reading or homework. The one-on-one tutoring program began Sept. 14 and has grown from six children to 15.
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
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
April 14, 1989
Silicon Systems Inc., a Tustin-based firm that this week agreed to be acquired by TDK Corp., reported that net income for the second quarter ended April 1 declined 47%, to $1.5 million from the $2.8 million in the year-earlier quarter. Revenue rose 9%, to $30.7 million from $28.1 million. For the 6 months, net income dropped 30%, to $4 million from $5.2 million for the comparable period a year ago. Revenue totaled $60.8 million, up 13% from the $53.8 million reported for the first half of fiscal 1988.
CALIFORNIA | LOCAL
January 3, 1991 | KRISTINA LINDGREN
Silicon Systems Inc. of Tustin has pledged $162,500 to establish a five-year fellowship program at UC Irvine in electrical and computer engineering, university officials announced. One fellowship of $32,500 will be awarded in each of the next five years to the winner of a senior design competition held annually by UCI's School of Engineering. These competitive fellowships will provide money to cover student fees, housing and other costs.
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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