Sunnyvale, Calif. -- Electronic-commerce startup semiconbay.com here has announced an exclusive agreement with an unidentified major supplier of silicon wafers to provide Internet-based e-commerce services to buyers of blank wafer substrates used in chip processing. The agreement is being billed as a comprehensive pact that will bring e-commerce to the silicon wafer business.
According to year-old semiconbay.com, the wafer supplier plans to conduct business-to-business (B2B) transactions with customer using the startup's e-commerce platform. Semiconbay.com said its e-commerce capabilities will list products on an exchange, provide integration into existing enterprise resouorce planning (ERP) systems, and train both supplier and supplier's customers in B2B online transactions. Semiconbay.com also will provide on-going system support of e-commerce activities.
"This streamlines the buying process for companies without incurring the high costs of an expensive e-commerce system," said Larry Wang, president and CEO of semiconbay.com. "We are able to implement an e-commerce solution quickly and to help companies grow top-line revenue by introducing their products to new customers while adding savings to their bottom line through greater sales and support efficiencies for their existing customers."
Last month, semiconbay.com became the first Internet company to join an e-commerce initiative launched by the Semiconductor Equipment and Materials International (SEMI) trade group. SEMI is attempting to promote the use of e-commerce in the chip manufacturing sector to lower costs and improve efficiencies in semiconductor materials and equipment markets (see May 8 story).
Semiconbay.com officials are expected to disclose the name of the wafer supplier during SEMI's Semicon West trade show, which begins July 10 in San Francisco.