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Semiconductor Manufacturing: Ultratech Opens Singapore Plant

December 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Ultratech, Inc. (UTEK – NASDAQ), a maker of photolithography and laser processing equipment, has opened a manufacturing facility in Singapore.

The firm said it plans to spend more than $125 million dollars over the next several years in support of its Singapore operations.  

Ultratech CEO Arthur W. Zafiropoulo said, "After an extensive study in the Asia Pacific region, we selected Singapore for several business reasons including being conveniently located to Ultratech's served markets.”

He added that Ultratech expects that 75 percent of its business will be located in the Pacific region, and that the new facility in Singapore allows Ultratech to better serve customers from Thailand to Taiwan.

California-based Ultratech designs, manufactures and markets lithography and laser-processing systems used to manufacture semiconductor devices and LEDs.

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