A Sematech Founder Jumps Ship

Sematech, the semiconductor-research consortium, has lost a founding member. LSI Logic, a Milpitas (Calif.) developer of custom circuits, objected to Sematech's practice of investing directly in manufacturers of chipmaking equipment. It's also suffering financial problems, and LSI's defection comes as Sematech is seeking $100 million in new federal funding to match a like amount from consortium members. The Austin (Tex.) consortium says LSI's departure will have "minimal effect" on its funding.

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