June 12, 1991 |
Silicon Systems Inc., a semiconductor manufacturer with its U.S. headquarters here, has laid off 40 of its 2,000 employees because of a drop in sales, its president said Tuesday. The company, which is owned by Japan's TDK Corp., makes computer microchips found in many disk drives. Carmelo Santoro, company president, said a drop in disk drive sales in early April caused a resulting drop in demand for his company's product. He said the layoffs are a normal adjustment in a cyclical business.
CALIFORNIA | LOCAL
January 3, 1991 |
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.
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.
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.
August 7, 1990 |
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.
July 31, 1989 |
When Carmelo Santoro joined Silicon Systems Inc. in 1982, the Tustin company was a rather unspectacular maker of custom computer chips with annual sales of about $13 million. Santoro, Silicon Systems' president and a veteran of computer chip manufacturers such as Motorola, RCA and IBM, soon realized that the Tustin firm would have to devise a new strategy if it was to grow into a major company.
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.
April 1, 1989 |
Silicon Systems Inc., a Tustin microchip maker, disclosed Friday that it is holding merger talks with an unnamed "larger public company." In a brief statement, the Tustin firm said "no agreements have been reached on price or other terms, and the company's board of directors has not authorized or approved this or any other transaction." Silicon Systems officials declined to identify the company.
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.