Consolidated Balance Sheet

(in thousands except per share amounts)

March 31,
19961995

Assets
Current assets:
Cash and cash equivalents$110,893$56,703
Short-term investments267,06866,181
Accounts receivable, net of allowance for doubtful accounts and
customer returns of $5,199 and $4,863 in 1996 and 1995, respectively79,52843,901
Inventories39,23825,586
Advances for wafer purchases9,03442,000
Deferred income taxes and other current assets32,94521,795

Total current assets538,706256,166

Property, plant and equipment at cost:
Land2,4262,195
Building18,029----
Machinery and equipment95,46362,070
Furniture and fixtures7,4574,514
Construction in progress4,9081,797

128,28370,576
Accumulated depreciation and amortization(45645)(31,336)

Net property, plant and equipment82,63839,240
Investment in joint venture34,316----
Restricted investments36,21212,625
Other assets29,00812,909

$720,880$320,940

Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable$30,673$22,484
Accrued payroll and payroll related liabilities9,5269,438
Income taxes payable5,17510,959
Other accrued liabilities18,70810,085
Deferred income on shipments to distributors37,56821,812
Current obligations under capital leases9861,324

Total current liabilities102,63676,102

Long-term debt250,000867
Commitments and contingencies
Stockholders' equity:
Preferred Stock, $.01 par value; 2,000 shares authorized;
none issued and outstanding------
Common Stock, $.01 par value; 200,000 shares authorized; 71,933 and
71,658 shares issued; 71,933 and 70,227 shares outstanding at
March 31, 1996 and 1995, respectively719717
Additional paid-in capital99,58885,755
Retained earnings267,505166,051
Unrealized gain/(loss) on available-for-sale securities, net of tax432(329)
Treasury stock, at cost---(8223)

Total stockholders' equity368,244243,971

$720,880$320,940

See accompanying notes.


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