Flash memory player Silicon Storage Technology Inc. (SST) today announced that it has increased its equity investment in Grace Semiconductor Manufacturing Corp. by $33 million through a series B financing round

SST invested $50 million in Grace's series A financing in March 2001. 
The foundry is currently mass-producing SST’s second-generation SuperFlash technology at 0.25-micron and has 0.18-micron slated for mass production in the second half of 2004. 

Proceeds from the series B financing are expected to be utilized for capacity expansion and investments in leading-edge technology.  At this point, the factory is positioned to support the requirements of 0.13-micron technology, according to SST.
 
“We are very confident in Grace’s capability as a development site as well as a manufacturing site for SST,” said Bing Yeh, SST president and CEO, in a statement.  “We expect to ramp our production volume at Grace to more than 3000 wafers per week by the end of 2004. The incremental production output from Grace will allow us to meet the expected strong demand in the DVD player, Bluetooth, digital camera, notebook PC and cellular phone markets.”

By: DocMemory
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