Alpha Purchases 125,000-Square-Foot Facility in Haverhill, Mass
WOBURN, Mass.--(BUSINESS WIRE)--Oct. 10, 2000-- Alpha Industries, Inc. (NASDAQ: AHAA- news) today announced that, due to accelerating growth in demand for its broadband and wireless communications products, the company is expanding its semiconductor design and manufacturing capacity to a recently purchased facility in Haverhill, Mass.
Alpha purchased the 41-acre site, which is located at 25 Computer Drive, for $8.75 million. The property features a 125,000 square foot manufacturing and office facility built by Wang Computer in 1985. Alpha plans to immediately begin capital improvements, and expects to reopen the facility and commence initial operations in January 2001. These operations will include automated GaAs IC, silicon semiconductor and multi-chip module assembly and testing, as well as design engineering. Headcount at Haverhill should reach 400 by the end of 2001.
"Demand for Alpha's wireless and broadband products continues to accelerate," said David Aldrich, Alpha's President and CEO, "and our new Haverhill facility has the space and the access to the infrastructure we will need to stay ahead of our customers' needs. We are rapidly gaining share in both the broadband and wireless markets, and these gains are driving our capital expansion and, most importantly, our growing need for talented people."
"We sincerely appreciate the warm and helpful welcome we've received from Mayor Rurak, Economic Development Director O'Neill and other forward-thinking leaders in Haverhill and throughout the Merrimack Valley," Aldrich said. "The community is clearly committed to nurturing the growth of New Economy companies in the city and the region, and we at Alpha look forward to joining this exciting effort and thriving in the Merrimack Valley for many years to come."
Alpha Industries is a leading provider of RF integrated circuit-based solutions, including semiconductors and ceramic components, for the broadband and wireless communications markets. Alpha's switches, power amplifiers and discrete semiconductors are used by the world's leading broadband, infrastructure and wireless communications companies to enhance the speed, quality and performance of voice, data and video. For more information, please visit the Company's Web site, www.alphaind.com.
Safe Harbor Statement - Except for the historical information contained herein, this news release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements, including those relating to the acquisition of a new plant in Haverhill, Massachusetts, Alpha's expected growth and the increase of semiconductor test and assembly capacity, constitute the Company's current intentions, hopes, beliefs, expectation or predictions of the future which are, therefore, inherently subject to risks and uncertainties. The Company's actual results could differ materially from those anticipated in the Company's forward-looking statements based on various factors, including without limitation: cancellation or deferral of customer orders, dependence on a small number of large customers, difficulties in the timely development and market acceptance of new products including the Company's HBT amplifiers, market developments that vary from the current public expectations concerning the growth of wireless communications, difficulties in manufacturing new or existing products in sufficient quantity or quality, increased competitive pressures, decreasing selling prices for the Company's products, or changes in economic conditions. Further information on factors that could affect the Company's performance is included in the Company's periodic reports filed with the SEC, including but not limited to the Company's Form 10-K for the year ended April 2, 2000, and subsequent Forms 10-Q. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstance on which any such statement is based.
Alpha Industries, Inc
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