Monday, September 22, 2003
Silicon Integrated Systems Corp. (SiS) announced early this week that it has spun-off its fab operation business into a 100 percent owned subsidiary, which the company will concentrate on streamline operations.
The new company SiS Microelectronics. Located in SiS based at Hsinchu Science Industrial Park (HSIP), which has been controlled by foundry United Microelectronics Corporation (UMC) since earlier this year, has suffered losses in each of 2000, 2001 and 2002. The losses, in part, came after the wafer plant that SiS built in 1999 could not generate high yields and receive enough orders to fill its production lines.
SiS' fab by rival United Microelectronics Corp (UMC), which bought a 14-percent stake in the company in January this year. According to SiS' chairman, John Hsuan said: "With such a clear partition on expertise, the company can speed up operation efficiency and elevate [its] competitiveness as a whole." The move will allow the Taiwanese company to focus on IC design related technology development while SiS Microelectronics targets manufacturing to expand its production items after this division.
SiS will acquire 800 million shares of common stocks in the spin-off company, tentatively named SiS Microelectronics Corp. with capital of NT$8 billion. A tentative spin-off date of December 15 has been set, awaiting board approval.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
