Under the terms of the deal, foundry specialist Chartered (Singapore) has entered into an agreement with Japan's Hitachi and Hitachi Asia Ltd. to purchase 100 percent of the shares in Hitachi Semiconductor Singapore Pte. Ltd. (HNS). Chartered has also forged a foundry deal with Renesas Technology Corp.

HNS owns and operates the 8-inch fab in Singapore. This additional facility will augment the capacity of four 8-inch fabs Chartered currently operates. The company also has a 300-mm fab in Singapore.

The new fab will enable Chartered to meet some of the additional requirements of existing customers, including Japan's Renesas Technology Corp., as well as capture new business opportunities.

The HNS facility is located on a 90,000 square-meter campus with building space of 28,000 square meters, including approximately 12,000 square meters of clean-room space.

The bulk CMOS logic wafer fabrication facility is currently capable of producing approximately 24,000 8-inch wafers per month at the 0.15-micron to 0.25-micron technology nodes.

"Chartered remains committed to providing a full suite of foundry services to customers, enabling them to deliver market-leading solutions not only in advanced technologies but also in mature technologies,'' said Chia Song Hwee, president & CEO of Chartered, in a statement.

The transaction, which is scheduled to be completed at the end of first quarter 2008, is expected to be funded through a combination of existing cash balance, cash flow from operations and credit facilities and is subject to certain customary closing conditions.

By: DocMemory
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