Cymer Pledges $175,000 in Scholarships for UCSD's Jacobs School of Engineering; Celebrating 20 years of dedication to the industry, Cymer invests in future engineers
SAN DIEGO --(Business Wire)-- Jan. 10, 2006 -- Cymer, Inc. (Nasdaq:CYMI), the world's leading supplier of deep ultraviolet (DUV) light sources used in semiconductor manufacturing, today announced that it has awarded $175,000 to the Jacobs School of Engineering Scholars Program at the University of California, San Diego (UCSD). Commemorating Cymer's 20th Anniversary, the gift was presented at a company celebration on Saturday, January 7, 2006 at UCSD's Price Center. The gift will fund a scholarship and fellowship to an undergraduate and graduate recipient. With this investment of monetary support, Cymer furthers its commitment to education and the research endeavors of local engineering programs throughout the community.
Candidates for the two awards will be selected from UCSD's top Fall 2006 engineering applicants. The "Jacobs School Pascal Didier Undergraduate Scholar" will receive $100,000 over four years for full tuition and living expenses. The scholarship, named in memory of Cymer's late former President and Chief Operating Officer, is based on academic merit, leadership and community service involvement. Similarly, the "Jacobs School S.C. Lin Graduate Scholar" dedicated to professor S.C. Lin will be bestowed on an applicant who has excelled in academics and leadership and who holds a strong interest in research. Cymer will give the selected graduate student a $75,000 fellowship. Cymer's gift contributes to the $1 billion fundraising goal of The Campaign for UCSD: Imagine What's Next.
"Cymer's tremendous success is a wonderful example of the impact that UCSD has on regional economic development. I am so pleased that Cymer and our alumni Bob Akins and Rick Sandstrom are giving back to the community by supporting this important scholarship and fellowship program. Cymer's gift will enhance our ability to recruit the best engineering talent to the UCSD Jacobs School and to San Diego," said Frieder Seible, dean of UCSD Jacobs School of Engineering.
"Education is a crucial stepping-stone in the pursuit and development of tomorrow's technological advancements. We are thrilled to have this opportunity to invest in future engineers by contributing to the Jacobs School Scholars program at UCSD," commented Cymer Chairman and CEO, Bob Akins. Both Akins and Cymer co-founder Richard Sandstrom received their bachelor and doctoral degrees from UCSD. Akins currently serves on the Jacobs School's Council of Advisors and on the UC San Diego Foundation Board.
Cymer has been a supporter of UCSD since the company's incorporation in 1986. In 2001, Cymer provided a $750,000 gift to establish the Cymer Endowed Chair in High Performance Dynamical Systems Modeling and Control at the Jacobs School. Endowed chair professorships recognize excellence in teaching, research, and service of a senior-level professor, and the chair holder can use the endowment for student support, equipment, curriculum development and other initiatives. In 2003, the Jacobs School appointed UCSD mechanical and aerospace engineering professor Robert Bitmead as the inaugural holder of the Cymer Chair.
About the UCSD Jacobs School of Engineering
The University of California, San Diego (UCSD) Jacobs School of Engineering is ranked 11th among the nation's premier engineering schools. The Jacobs School includes 170 faculty, and ranks second in the nation for research funding per faculty member. The Jacobs School is the largest provider of engineering education in San Diego and in the UC System, and enrolls approximately 5,300 undergraduate and graduate students through its five academic departments. Collaboration with industry is central to the Jacobs School's education and research mission. More than 150 companies partner with the Jacobs School through its Corporate Affiliates Program, faculty research, and affiliated research centers. For more information, visit www.jacobsschool.ucsd.edu.
About The Campaign for UCSD: Imagine What's Next
Since its founding nearly 50 years ago, the University of California, San Diego has rapidly achieved the status as one of the top institutions in the nation for higher education and research. In order to keep UCSD at the forefront of academic and research excellence, the university launched The Campaign for UCSD: Imagine What's Next in July 2000. Donations to the comprehensive $1 billion fund-raising campaign will help support students and faculty, expand academic programs, fund research endeavors and strengthen innovation funds to meet the highest priority needs. The Campaign for UCSD has generated over $800 million to date, and there is nearly $200 million to raise before the campaign concludes in June 2007. For more information, please visit www.campaign.ucsd.edu.
Cymer, Inc. is the world's leading supplier of DUV illumination sources, the essential light source for DUV photolithography systems. DUV lithography is a key enabling technology that has allowed the semiconductor industry to meet the exacting specifications and manufacturing requirements for volume production of today's advanced semiconductor chips. Further information on Cymer may be obtained from the Company's SEC filings, on the Internet at www.cymer.com or by contacting the company directly.