Formed in 1997, KLA-Tencor Corporation provides yield management and process control for semiconductor manufacturing and related industries. The company offers products, software, analysis and services that are designed to aid manufacturers of integrated circuits. The company provides in-line wafer defect monitoring, reticle and photomask defect inspection, wafer overlay, film and surface measurement, and overall yield and fab-wide data analysis. The company maintains a presence in the United States, Europe and Asia through local sales and applications engineers, field service engineers and yield management consultants. Richard P. Wallace has been the chief executive officer of KLA-Tencor for more than a year. He has been with the semiconductor and computer hardware company for over 18 years. Wallace earned a BSEE degree from the University of Michigan, and a MS degree from Santa Clara University. KLA-Tencor is a publicly traded company. Its shares are listed on the NASDAQ under the ticker symbol KLAC. The company is headquartered in San Jose, Calif.