News Release


For More Information:

William R. Steinhaus
Dutchess County Executive
(845) 486-2000

For Immediate Release

June 21, 2000


Steinhaus Welcomes Philips Semiconductors to Dutchess County

Poughkeepsie - Dutchess County Executive William R. Steinhaus today personally welcomed Philips Semiconductors to Dutchess County. Philips is an affiliate of Royal Philips Electronics, Europe's largest electronic company with more than 229,000 employees worldwide. County Executive Steinhaus, joined by Michael Tomkovitch, Chairman of Dutchess County Industrial Development Agency and Thomas Sipos, Chairman of Dutchess County Economic Development Corporation, met with Stuart McIntosh, Philips Semiconductors' Executive Vice President and Chief Operations Officer (COO); Stanley Grubel, CEO of MiCRUS; and the senior management team at IBM's MiCRUS plant in East Fishkill. Philips Semiconductors, a global leader in the semiconductor industry, has announced it has reached an agreement with IBM to acquire the East Fishkill MiCRUS plant. The closing is expected to occur at the end of June 2000.

Steinhaus said, "On behalf of all Dutchess County, both our residents and businesses, I am delighted to welcome Philips Semiconductors to our community. Philips is a world class company that is continuing to enhance the manufacturing capacity of their product in order to meet global customer demand. We are eager to make Philips' introduction to and presence in Dutchess County a positive experience, recognizing that the technology industry is fast moving and always evolving. If there is growth for this component of the company in the future, we want them to think Dutchess County."

"Companies of this premier caliber are extremely selective in making capital investment decisions. This is a clear signal to our community, the region, and the state that this facility, this location and the highly capable and productive workforce we have in and around the Hudson Valley are valuable assets in the technology industry," Steinhaus said.

Philips' Executive Vice President and COO Stuart McIntosh stated, "Expanding the Philips' presence in New York State and, particularly in Dutchess County, makes good business sense. With the state positioning itself as a leader in the semiconductor industry, the responsiveness of the Dutchess County officials, and a talented employee population, Philips' entry into East Fishkill was greatly facilitated. We believe the area provides a business climate conducive to our growth in the years ahead." According to Philips Semiconductors, it expects no reductions in the current MiCRUS workforce of approximately 950.

Steinhaus continued, "This is also another clear signal that the strategic policy decisions we structured and initiated early in 1994 and continued to refine over recent years have been instrumental in allowing and encouraging economic development, jobs development and stability, and diversification in a highly competitive global economy. This community continues to reap the rewards of our early and immediate responses to the changing demands of the corporate world. We implemented Economic Development Zones (EDZ), and utilized other economic development tools to ensure our ability to be competitive, remain competitive and ultimately lead the competition. As we had set out to do, Team Dutchess has successfully positioned this community for the 21st century.

Steinhaus concluded, "As I discussed the prospects of this deal with Governor Pataki and with others over recent weeks, I felt more and more confident that the vision we have for Dutchess County, and the direction we have steered our ship is the right one. But I also believe that without the navigational tools and the clearer, calmer waters that Governor George Pataki has reintroduced to New York's business climate, even Team Dutchess would have had difficulty achieving our objectives."

In recent months Dutchess County has been the recipient of numerous recognitions and awards for its aggressive, pro-active and successful economic development efforts. At the same time, under the Steinhaus administration, the county has insisted upon a high standard for quality of life issues, such as environmental and cultural amenities, and has made policy and budgetary decisions that have lowered real property taxes for both residents and businesses while continuing to provide quality services to the community.


2000 Press Releases