ST. PETERS, Mo., Feb. 18, 2016 (GLOBE NEWSWIRE) -- SunEdison Semiconductor Limited (NASDAQ:SEMI) ("SunEdison Semiconductor" or the “Company”) today provided additional details of its comprehensive strategy for the procurement of electronic-grade polysilicon, one of the key raw materials used in the production of semiconductor wafers.
Over the past several months, the company has been working on several initiatives to improve contingency planning for polysilicon supply and manage the transition to multiple sources of poly. These initiatives include:
- Building significant polysilicon inventory from the Pasadena facility;
- Negotiating backup supply agreements for polysilicon from additional suppliers at acceptable prices; and,
- Supporting the early stages of the production ramp at SMP, and starting customer qualifications
“Over the last several months, we have successfully de-risked our polysilicon supply chain," said Shaker Sadasivam, President & CEO. "These improvements will be sufficient to meet all of our polysilicon requirements. I want to thank our R&D, Supply Chain and Operations teams who have worked diligently to accomplish this goal."
Forward Looking Statements
Certain matters discussed in this news release are forward-looking statements which represent the Company's judgment as of the date of this release. The Company disclaims, however, any intent or obligation to update these forward-looking statements.
About SunEdison Semiconductor
SunEdison Semiconductor is a global leader in the manufacture and sale of silicon wafers to the semiconductor industry. For over 55 years, SunEdison Semiconductor has been a pioneer in the design and development of silicon wafer technologies. With R&D and manufacturing facilities in the U.S., Europe, and Asia, SunEdison Semiconductor enables the next generation of high performance semiconductor devices. SunEdison Semiconductor’s common stock is listed on the NASDAQ OMX Global Select Market under the symbol "SEMI."
Investor & Media Contact Chris Chaney Director, Investor Relations & Corporate Communications SunEdison Semiconductor Limited firstname.lastname@example.org +1 636 474 5226
Source:SunEdison Semiconductor Ltd