FREMONT, Calif. -- Credence Systems Corp. today announced a 7,500-square-foot expansion of its manufacturing space for memory test systems here.
The Fremont-based company said the expansion will house a new manufacturing lab and expanded board repair center. According to Credence, the addition is will enable the company to accelerate board and system integration at one location, improving efficiency and utilization by 30%.
Credence said its memory products division has grown nearly 50% since last year, despite the overall downturn in the semiconductor equipment industry. Much of that growth has been fueled by the company's Kalos flash testers, which serve nonvolatile memories in cellular phones, digital cameras, MP3 audio players, controllers, and other applications.
"The flash market has been less affected during the current economic downturn than other semiconductor sectors, and we see this as an important market for our company going forward," said Paul Sakamoto, Credence vice president and general manager of the memory products division.
Last month, Credence posted a net loss of $43.7 million on sharply lower revenues of $43.3 million in the company's second fiscal quarter, ended April 30. Credence's net sales were 65% lower than $123.2 million in the company's previous quarter with much of the drop resulting from canceled orders in Asia (see May 17 story).