LSI Logic Completes Purchase-Foundry Agreement with ROHM

TSUKUBA, Japan, Nov. 26 /PRNewswire-FirstCall/ -- LSI Logic Corporation (NYSE: LSI) today finalized a purchase-and-foundry-services agreement with ROHM CO., LTD. for LSI Logic's semiconductor manufacturing facility here. The asset purchase is approximately yen 2.65 billion or $24 million.

ROHM will be acquiring Fab 1, Fab 2, CMP Center, Office, Energy Center and Testing Facility on 70,000 square-meters of land. In addition, ROHM and LSI Logic have agreed to enter into a wafer supply agreement covering a range of products that are currently being manufactured at the facility.

"ROHM's purchase of the Tsukuba facility completes the consolidation of LSI Logic's internal manufacturing to the company's Gresham, Oregon campus, supplemented by strategic foundry engagements," said Joe Zelayeta, LSI Logic executive vice president of Worldwide Operations. "Maintaining a balanced, global manufacturing strategy, utilizing both internal capacity and foundries, provides us with greater flexibility to meet anticipated increases in customer demand."

About LSI Logic
LSI Logic Corporation is a leading designer and manufacturer of communications and storage semiconductors for applications that access, interconnect and store data, voice and video. In addition, the company supplies storage network solutions for the enterprise. LSI Logic is headquartered at 1621 Barber Lane, Milpitas, CA 95035. http://www.lsilogic.com .

About ROHM
ROHM CO., LTD., was established in Kyoto, Japan, in 1958, designs and manufactures integrated circuits (ICs) and other electronic components. ROHM's product lineup includes monolithic ICs, power modules, transistors, diodes, light emitting diodes (LEDs), laser diodes, resistors, capacitors, liquid crystal displays (LCDs), thermal heads, image sensor heads, and LED displays. In the fiscal year 2003 (ended March 31), consolidated net sales of JPY 350,281 million were generated by some 16,800 employees. Further information is available at http://www.rohm.com .

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Safe Harbor for Forward Looking Statements:

This news release and the statements by LSI Logic management made in this news release include forward-looking statements that may involve a number of risks and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from the actual future events or results. Forward-looking statements include projections regarding future manufacturing plans, supply arrangements, and manufacturing capacity. The forward-looking statements included in this news release are made only as of the date of this release and the company undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances. The company's actual actions and results in future periods may be materially different from any suggested in this news release. The company urges the reader to consider the risks and uncertainties to which the company is subject and which may cause the company's actions and actual results to differ materially from the expectations of the company or its management. Risks and uncertainties to which the company is subject include, but are not necessarily limited to, fluctuations in the timing and volumes of customer demand, the rate of depletion of customer inventory buildup, and the company's achievement of revenue objectives and other financial targets. Other risks and uncertainties that may affect the company's actual results include, but are not necessarily limited to, the development of new products, the timing and success of new product introductions, the continued availability of appropriate levels of manufacturing capacity, competing technologies, and other competitive factors and investments, and disruptions in general economic activity due to worsening global business conditions or conditions caused by the effects of terrorist activities and armed conflict. The company operates in an industry sector where securities' values are highly volatile and may be influenced by the cyclical nature of the industry, the unpredictability of the economy and other factors beyond the company's control. For additional information, readers are referred to the documents filed by LSI Logic with the SEC, and specifically the most recent reports on Form 10-K, 10-Q and 8-K. In the context of forward-looking information, further reference is made to the discussion of risk factors described in the company's SEC reports filed during the past 12 months.


SOURCE LSI Logic Corporation