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ST to invest $500 million in Singapore

Posted: 26 Sep 2005 ?? ?Print Version ?Bookmark and Share

Keywords:dram? nand? memories?

Alleviating fears about its fab efforts in China, STMicroelectronics Inc. said that it remains committed to Singapore and is on target to invest $500 million in the city state, according to a report from The Business Times.

The figure represents a third of STMicroelectronics overall capital spending budget in 2005, said Carlo Bozotti, chief executive of the chip maker, in the report.

The company said it is relocating much of its chip testing capabilities from Europe and the U.S. to Singapore, according to the report. At present, the company has four fabs in Singapore, including a 5-inch facility, two 6-inch plants, and an 8-inch front-end.

STMicrolectronics (Geneva) insisted that it would continue to invest in Singapore despite recent fab announcements in China as well as a major cost-cutting program. In May, European chip maker STMicroelectronics said it is planning additional restructuring efforts that would lead to a cumulative reduction of its workforce outside Asia by 3,000 people, or about 6 percent of the company's total workforce, by mid-2006 (see May 16 story).

Work has also begun on the construction of a memory manufacturing wafer fab in Wuxi City, Jiangsu Province, China, which is a joint-venture between STMicroelectronics and Hynix Semiconductor Inc. When completed the Wuxi fab is scheduled to manufacture both DRAM and NAND flash memories as an extension an existing manufacturing relationship between Hynix and ST.

A line for processing 8-inch diameter wafers is scheduled to begin production by the end of this year, initially with a manufacturing process transferred from Hynix' existing fabs in Korea. A line for 300mm diameter wafers is due to begin production in late 2006 (see April 28 story).

- Mark LaPedus

EE Times

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