KLA-Tencor Founders Invest In The Future With $2 Million Scholarship Fund For Employees' Children
Share
The unique program will support future-generation technologists, while giving back to the employees that drive KLA-Tencor's growth and success

SAN JOSE, Calif., Jan. 31, 2001 - The two founding families behind KLA-Tencor (Nasdaq: KLAC), one of the world's largest semiconductor equipment companies, today announced that they have created a $2 million scholarship foundation to help fund higher education and learning for their employees' children.

Representing the first program of its kind, the newly created Urbanek/Levy Education Fund was conceived and funded by KLA-Tencor Chairman, Ken Levy, and fellow board member, Lida Urbanek. More than 25 years ago, Ken Levy founded KLA Instruments-the same year that Karel Urbanek (Lida Urbanek's late husband) founded Tencor Instruments. The two companies were rivals until 1997 when their highly successful merger created what is now a multi-billion-dollar global enterprise.

"Karel came to America in 1963 as a refugee from his native Czechoslovakia without a penny in his pocket, but with something much more powerful-an excellent education," stated Lida Urbanek. "While Karel had to battle the politics of Communism to obtain his education, I, like many families today, faced the realities of an economic barrier. As the daughter of immigrants, my family had to rely on scholarships to fund my education. Ken and I hope that by establishing this fund, we will be able to help our employees overcome these economic barriers and secure the same chance for success for their children."

"Education and employee dedication continue to be the lifeblood of KLA-Tencor," noted Levy. "Without both, we couldn't have successfully advanced the state of the semiconductor industry or our position as a global business leader." Levy added that, as the first in his family to receive a college degree, he knows first hand the benefits that only an education can bring. "It is truly the gift that keeps on giving. Lida and I both believe in the power of education to prepare future generations for the professional world ahead. What better way to reward the hard work and dedication of our employees than to help open the door to a brighter future for their children."

Levy and Urbanek have one additional hope for the program-to inspire similar programs from other industry leaders. "Imagine the progress we can make in overcoming the educational divide in America if every company gave back to their employees in this way," added Urbanek.

The Urbanek/Levy Education Fund will be run jointly by Lida Urbanek and Gloria Levy (wife of Ken Levy and a former schoolteacher). Together, they plan to award up to $250,000 per year in annual scholarships for traditional colleges and universities, as well as vocational schools, in the U.S. "Since all forms of education are at the center of today's technology revolution, we plan to support the full range of education, from traditional degrees in engineering, business and humanities to vocational training for specific job skills," explained Gloria Levy. "Our goal is to encourage future generations of technology innovators and business leaders spanning multiple disciplines."

All U.S. employees that have served one full year with KLA-Tencor are eligible to apply. The scholarships are open to first-year, full-time students between the ages of 17 and 25. Selections will be carried out by an independent, outside committee that will award the scholarships based on financial need as well as academic performance. Students are eligible to continue to receive assistance for up to four years as long as they remain in good academic standing.

Editor's Note: Biographies of the founders of the Urbanek/Levy Education Fund are available upon request.


About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC.

Contact:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Director Corporate Communications

 

Related Products

Follow us on