MEMC Electronic Materials, Inc. is the sole U.S. manufacturer of silicon wafers — semiconductor chips that are the fundamental building blocks for millions of microelectronic devices used in computers, consumer electronics, telecommunications, industrial automation and defense systems. An MEMC slogan is: “Technology is built on us.” Headquartered in St. Peters, Missouri, the company leads the silicon wafer industry worldwide in market share and profits.
But in 2001, MEMC’s future was uncertain. Global demand for its products had collapsed amid a glut in semiconductor chips. Revenues plummeted as the company struggled to pay quarterly interest on its $1 billion debt, and it abandoned the research and development initiatives essential for leadership in the fiercely competitive semiconductor market. Click here to read more…
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