Monday, August 14, 2006
Chip maker Hynix Semiconductor Inc. said Monday (Aug. 14) it plans to raise $750 million in investment funds for its Chinese subsidiary, Hynix-ST Semiconductor Ltd.
A Hynix Semiconductor spokesman said the company plans to raise the funds by the end of June 2007. They will be used to ramp up memory wafer production lines in Hynix-ST Semiconductor (Wuxi, China).
The joint venture company would receive funds from 19 Chinese-based financial institutions, including the Industrial and Commercial Bank of China, the spokesman said.
The funds are part of a longer term project to push for investments totaling $2 billion for the Chinese subsidiary, according to the company.
Established in 2004 as a joint venture between Hynix and STMicroelectronics NV, Hynix-ST Semiconductor currently produces memory chips on 200-mm diameter wafers. The investment will be used to expand 200-mm wafer production capacity and set up a chip production line based on 300-mm diameter wafers.
The spokesman added that Hynix-ST Semiconductor aims to ramp up its production capacity to 20,000 wafer starts per month units on the 200-mm line by the end of 2006.
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
