The History of Minco Technology Labs, LLC.

The History of Minco Technology Labs, LLC.

 

Minco Technology Labs, founded in California in 1981, is a leading semiconductor processor, assembler and tester serving the medical, military, space and commercial industries. The Company was founded by Elizabeth “Liz” Coker, a longtime friend and co-worker, Mary Mooney, and two of Liz’s children, Donald Potter and Rebecca Shackelford. After revenues of $50,000 in its first three months, the company grew to $1.4 Million in its first full fiscal year.

In 1982, Minco relocated to Austin, Texas after surveying 18 cities and determining that Austin offered the best opportunities for a growing company in the semiconductor industry. Ten team members moved into 8,000 square feet of the 32,000 square foot building, which Minco subsequently purchased and currently occupies. During its first six years Minco’s revenues grew at an average 61% annual rate from $1.4 Million to nearly $16 Million, while the number of full-time team members grew to 243. At the end of 1988, Minco spun-off its custom packaging division to form Austin Semiconductor, Inc. (ASI). While the two companies were no longer affiliated, ASI continued to thrive under former Minco management and the staff grew to include 160 people.

Throughout the 90s Minco continued to invest heavily in the welfare of its team members and their families. Minco Treasures, an on-site pre-school and elementary school serving the children and grandchildren of Minco team members, was established in 1992. The school’s two teachers instructed children using methods practiced by multiple grade teachers in the old one-room school houses. The children were not only the students, but they were also the teachers to their younger peers. Parents remained involved with their children. They drove to and from work together, enjoyed lunch together, and continually interacted with their teachers.

Minco University, a partnership formed in 1996 with Austin Community College, offered on-site education to the company’s team members at no cost to the students. Adult basic education, college preparatory, computer, computer programming and other courses were offered to team members, often during business hours. 

Minco’s customers include many of the nation’s largest medical implant, military and space contractors including St. Jude, Raytheon Systems, Lockheed Martin and Boeing. Minco offers product manufactured by many of the world's leading semiconductor fabricators including On, Linear Technology, Fairchild and ST Microelectronics. The Company has also reestablished its custom packaging division with additional emphasis in standard part packaging, and other high-reliability applications.

This dedication by Minco team members is illustrated by our acquisition of ISO9002 certification in only four short months. We have since added AS9100 and MIL-PRF-38535, Q certification form the Defense Logistics Agency. Further demonstrating our commitment, we received the National Small Business Administration "Subcontractor of the Year" award, Greater Austin Highest Achievement in Quality award, and the Texas Association of Business & Chamber of Commerce Texas Business of the Year award.
Minco continues to foster innovative new ways to better service our customers. These include EDI communication, documentation and data storage and retrieval on CD ROM and advanced methods for processing semiconductors with reduced cycle time. As a protégé to Texas Instruments, Minco team members received training in cycle time reduction, business process management, statistical process control and Six Sigma manufacturability. In addition, Hughes Aircraft Corporation conducted a PICOS workshop for process improvement for customer order management. We are now focused on Lean manufacturing and 6S.