New Facility to Meet Growing Global Demand For High Performance Analog ICs
The new 124,000-sq-ft facility is located beside Linear Technology's present 84,000-sq-ft facility at Yishun Industrial Park A. Besides manufacturing, the facility will also serve as a major warehouse and distribution center for customers worldwide.
US-based Linear Technology established its first offshore facility in Singapore in 1989. The company's local facilities provide test capability for approximately 90 percent of the company's global demand.
Mr. Robert Swanson, Executive Chairman of Linear Technology Corporation, who flew to Singapore for the opening, said, "The facilities in Singapore are vital components of our global manufacturing operations. Given the excellent conditions for growth in the region, as well as the skill and dedication of our employees here, Singapore will remain as the headquarters and focal point for all Linear Technology activities in Asia. We will continue to enhance our capabilities here to deliver advanced technology solutions to rapidly growing markets around the world."
Singapore's Minister for Trade and Industry, Mr. Lim Hng Kiang, who officiated the opening of Building Two, said: "We are glad that Linear Technology has expanded its facilities here in Singapore. Linear's expansion represents a strong endorsement of Singapore's capabilities in analog and mixed-signal IC design. With our existing strengths in this sector, Singapore is well poised to help companies like Linear grow both domestically and internationally."
The new facility has been designed with two additional phases of expansion, capable of doubling the size of the facility to 210,000-sq-ft. When completed, Linear Technology will have invested upwards of S$100 million in the Singapore facilities. The Company expects to double its present workforce of more than 600 when operating at full capacity.
Globally, Linear Technology has experienced a 30 percent increase in annual revenue over the last year to cross the US$1 billion mark for fiscal year 2005. Asia represents a fast growing and significant portion of the company's overall sales.
Today, Linear Technology's operations in Singapore span test and end-of-line operations, Asia Pacific sales management, design and warehousing, as well as distribution to customers worldwide.
About Linear Technology Corporation
Linear Technology Corporation, a manufacturer of high performance linear integrated circuits, was founded in 1981, became a public company in 1986 and joined the S&P 500 index of major public companies in 2000. Linear Technology products include high performance amplifiers, comparators, voltage references, monolithic filters, linear regulators, DC-DC converters, battery chargers, data converters, communications interface circuits, RF signal conditioning circuits, and many other analog functions. Applications for Linear Technology's high performance circuits include telecommunications, cellular telephones, networking products such as optical switches, notebook and desktop computers, computer peripherals, video/multimedia, industrial instrumentation, security monitoring devices, high-end consumer products such as digital cameras and MP3 players, complex medical devices, automotive electronics, factory automation, process control, and military and space systems. For more information, visit www.linear.com.
CONTACT: John Hamburger of Linear Technology Corporation, +1-408-432-1900,
ext. 2419, or
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Web site: http://www.linear.com/