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Hynix, ST to raise $750M for Wuxi fab expansion

Posted: 17 Aug 2006 ?? ?Print Version ?Bookmark and Share

Keywords:ST Semiconductor? Hynix Semiconductor? memory chip? Hynix-ST Semiconductor? XX?

Hynix Semiconductor Inc. disclosed its plans early this week to raise $750 million in investment funds for its subsidiary in ChinaHynix-ST Semiconductor Ltd.

A Hynix Semiconductor spokesman said the company plans to raise the funds by the end of June 2007, which will be used to ramp up memory wafer production lines in its Wuxi, China fab.

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 200mm diameter wafers. The investment will be used to expand 200mm wafer production capacity and set up a chip production line based on 300mm 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 200mm line by the end of 2006.

- Sean Shim
EE Times

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