Friday, January 28, 2005
Winbond Electronics Corp. said it is taking out a $250 million loan to fund the early phase construction of its 300mm wafer fab in central Taiwan.
Winbond has been talking about building a 300-mm wafer fab for years, but the project has met with numerous delays, including one related to a site in southern Taiwan that was deemed too close to a national high-speed rail project.
A restructuring in 2002 that pushed the company away from commodity memory also postponed the project. However, last year the company began to generate renewed interest in the fab and struck a technology partnership with Infineon Technology AG, which will provide 90 nm technology to the Taiwanese.
The five-year syndicated loan came from local banks.
By: Docmemory
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