August 20, 2002 in Social Responsibility News

Contract for Technology Cooperation




1. name of collaborator
SanDisk
nationality of

collaborator
USA


2. collaborator's relationship

  with company
No relation


3. details of

  contract
title of contract
License Contract


specifics of

cooperation
Licensing of Flash Memory patents
held by

SEC and SanDisk   


mehtod of cooperation
Under the contract, the two companies
will be

granted with licenses of each other's patents


contract value
                           -


contract period
from
Aug 2002
to
Aug 2009


4. purpose of cooperation
The contract is aimed at securing
next generat-ion semiconductor  technology


5. contract date
2002.08.14


6. decision date

  (date of board resolution)
2002.08.16


  -
attendance of outside directors
present

(no.)
  -
absent

(no.)
    -


  - attendance of
auditors
absent


7. applicability of Fair Trade
Act
no


8. others
- As the 1997  license contract
expired, the

 renewal was required.

- The Management Committee approved the

 renewal on Aug 16, 2002 after the two

 renewed the license contract on Aug 14, 2002

- The Company reached a supply contract with

 SanDisk under which SEC provides SanDisk

 with Flash products for seven years

 (Aug 2002~ Aug 2009)


※ date of relevant disclosure
-



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