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Qimonda expands Asia footprint with 300mm facility

Posted: 27 Apr 2007 ?? ?Print Version ?Bookmark and Share

Keywords:300mm manufacturing facility? DRAM marker? storage market?

Qimonda AG plans to strengthen its footprint in the Asian market by building a 300mm manufacturing facility in Singapore.

Qimonda plans to invest approximately $2.7 billion in the site over the next five years, and is expected to add 60,000 wafer starts per month to the company's overall front-end capacity when fully ramped. The new fab will also include a 20,000sqm clean room space.

"Our investment in Singapore is a major step to expand our regional presence in the Asian market. We are addressing several strategic objectives at once," said Kin Wah Loh, president and CEO of Qimonda. "We are responding to the fast growing DRAM market and are moving closer to our customers in Asia. In addition, we can benefit from local competitive cost structures and manufacturing know-how and finally further reduce our exposure to exchange rate fluctuations compared to the U.S.-dollar."

The company targets to finance the initial capital expenditures for the building out of its own cash flow and will utilize project-based financing thereafter. Commencement of construction is at the end of 2007, with production expected to start in 2009. When running at full capacity, it will have more than 1,500 employees.

The new Singapore facility extends Qimonda's position in 300mm manufacturing and adds to its network of 300mm manufacturing sites in Dresden, Germany and Richmond, U.S.

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