Enhance the capacity of modern semiconductor to increase investment in Wuxi plant 750 million

According to foreign reports, the South Korean modern semiconductor chip maker company said on Monday, an increase of $750 million capital investment plan in Wuxi China Hynix-ST semiconductor company and STMicroelectronics joint venture.

Modern semiconductor company spokesman said that in 2004 the company decided to establish a joint venture in Wuxi, China semiconductor and stmicroelectronics. They plan to increase the storage of the joint venture company wafer production line before the end of June next year capital investment. These funds are part of a long-term investment plan, the total investment in the joint venture company has reached $two billion.

Hyundai semiconductor said it had secured loans from 19 Chinese financial institutions, including ICBC. At present, the joint venture manufacturing storage chips using 200 mm wafers, the new investment will not only be used to improve the production capacity of 200 mm wafers, will also be established in the Chinese factory production line of 300 mm wafer. The goal of the joint venture is to reach twenty thousand wafers per month by the end of this year, with a production capacity of 200 mm wafers.