A total investment of 22 billion! Silan intends to jointly Xiamen semiconductor semiconductor project investment and construction

Yesterday (18) evening, Silan announcement, the company 18 and Haicang District of Xiamen City People's government signed a strategic cooperation framework agreement, the proposed joint characteristic process chip in Haicang District Construction of two 12 inch 90~65nm semiconductor production line of Xiamen investment group, and 4/6 "compatible with advanced production line of compound semiconductor devices, is expected to total investment reached 22 billion yuan.

According to the announcement, Silan intends to invest 12 inch chip technology characteristics of project planning investment of 17 billion yuan, product positioning for MEMS, power semiconductor devices and related products, the first 12 "feature of the process planning of production line capacity of 80 thousand / month, take a phased implementation of the early planning capacity of 40 thousand / month. Advanced compound semiconductor project total investment of 5 billion yuan, the main products include the next generation optical communication module, 5G chip and RF module, high-end LED chip etc..

Use has been made in the industry advantage, Silan the investment will fully leveraging local state-owned assets (Xiamen semiconductor Investment Group) funds and resources. According to the disclosure, the company on the same day and Xiamen semiconductor Investment Group signed a two floor agreement, the full support of the local state-owned listed companies, with less capital investment leveraging the huge project.

As a 12 inch integrated circuit manufacturing production line project as an example, the initial registered capital of the joint venture item company for 2 billion yuan, of which Xiamen semiconductor investment group in money invested 1 billion 700 million yuan, accounting for 85% of the shares; Silan money invested 300 million yuan, accounting for 15% of the shares. The two sides made arrangements for the subsequent equity agreement, namely the project 7 years after the formal operation, Silan right from the hands of the transferee stake in Xiamen semiconductor, eventually hold item company equity ratio of not less than 51%, the transferee price of investment funds and the principal of Xiamen semiconductor cost, including the cost of capital for the people's Bank of China announced the commercial bank deposit rates over the same period of 50%. In the first step, Silan has the right to continue to hold shares of the transferee Xiamen semiconductor project, the final stake of not less than 20% but not more than 35%.

Similar design structure of compound semiconductor project item company, the initial registered capital of 800 million yuan, Xiamen semiconductor investment group in money invested 560 million yuan, accounting for 70% of the shares; Silan money invested 240 million yuan, accounting for 30% of the shares. The two sides also agreed in the latter part of the equity transfer, the final stake in Xiamen semiconductor investment group of not less than 20%.

Notice that the signed investment agreement, will help the company to accelerate in the semiconductor industry chain layout. It is understood that the existing Silan 5 inch, 6 inch, 8 inch plant of a 5/6 inch 8 inch line line capacity and stability, is in production climbing stage, is expected next year the annual growth of more than 100% monthly investment amount. The 12 inch line investment projects should progress smoothly, the number of years the company will usher in the release of production capacity continuously in the future, into the rapid growth. Compound semiconductor, the company has established a pilot line silicon GaN, the 4/6 inch compatible production line investment projects such as the smooth landing, is expected to accelerate the production of compound semiconductor products and customer import.

Silan is one of the few in the IDM mode (the integration of design and manufacturing) integrated semiconductor products company as the main mode of development, the main products include integrated circuits, semiconductor discrete devices, LED (light emitting diode) products in three categories, the first three quarters of this year the company achieved operating income of 2 billion yuan, an increase of 17.2%, net profit of 135 million yuan, an increase of 123%. The company's refinancing plan, just before the Commission approved the proposed increase fund-raising not more than 800 million yuan, to the annual capacity of 890 million MEMS sensor expansion project.

Source: Shanghai Securities News

LED more information, please click on the LED network or the WeChat public account (cnledw2013).