WIP definition

WIP means work in process. This includes all wafers and Product in wafer fabrication, sort, assembly, and/or final test, including prime and secondary wafers, and all completed Product units not yet delivered to Micron.
WIP means work-in-process.
WIP means work in process.

Examples of WIP in a sentence

  • WIP is defined as equipment that is in the process of being manufactured or fabricated but is not yet complete.

  • The income accrued in respect of these projects is shown in the Statement of Financial Position (Balance Sheet) as 'Income WIP'.

  • Conditions of future permits will be consistent with the TMDL or WIP conditions in place at the time of permit issuance.

  • CIP and WIP consist of the costs of direct materials, direct labor, direct purchased services and indirect costs, including general and administrative and overhead costs.

  • CIP and WIP consist of the costs of direct materials, direct labor, direct purchased services, and indirect costs, including general and administrative and overhead costs.


More Definitions of WIP

WIP means all Work in progress.
WIP has the meaning given to it in Schedule 3 (Toll Manufacture Provisions) paragraph 2.1.
WIP means work in process and includes all wafer and dies not yet delivered to LLC. Capitalized terms not defined herein shall have the same meaning ascribed to them in the Limited Liability Company Agreement of Jazz/Hua Hong, LLC (the “LLC Agreement”), the License Agreements and the Supply Agreements between Jazz/Hua Hong, LLC and Jazz Semiconductor.
WIP is defined as incompletely manufactured and/or assembled Products at the time of the cancellation. "RAW MATERIAL" is defined as only those materials needed to make a Part and any purchased Parts. For the purposes of this Agreement, "PART" means a component line item on a xxxx of materials. Parts are collectively assembled to produce a Product. The above defined cancellation charges are in lieu of any other obligation of Buyer arising as a result of the cancellation. All amounts accrued above are payable within sixty (60) days of Seller's delivery of an invoice to Buyer. Finished Goods will be invoiced upon delivery of the Finished Goods to the Delivery Point.
WIP means work in process, including prime and secondary wafers.
WIP means, as of the date in question, the work in process inventory of the Company held to fill Parent purchase orders that have not yet been completed by the Company, less reserves, if any, as of such date determined in accordance with GAAP.
WIP means Work In Progress.