Grace to apply for the extension of payment of 680 million of the loan chip foundries by isexhausted

Refractive chip foundries are common trouble

Has three degrees delay IPO Shanghai Hongli Semiconductor Co. Ltd. (hereinafter referred to as "grace") before the outgoing financial working poor news.

"First Financial Daily" yesterday was informed that, due to the delay of high profit, 2006 capital expenditure amount plus, grace a total combined loans of $680 million may not be able to repay, therefore, the company has 7 home loan bank request to delay repayment.

Macro force public relations manager Chen Ying told reporters that I do not know.

Reporters learned that, Shanghai Pudong Development Bank Co., Ltd. is one of the 7 creditor banks. Acer is currently the bank's second largest loan customers, has received its credit amount of $160 million. Macro power is indeed our second largest loan customers, but the current payment is normal, the so-called reorganization of the news are rumors of loans." Shanghai Pudong Development Bank secretaries Shen Shen on the first financial daily said.

However, assistant director of the Institute of Guotai Junan Securities, banking analyst Wu Yonggang told reporters that a week ago, he was confirmed from the Pudong Development Bank delayed repayment of the news. He explained: "at present, the repayment of the loan is normal, and did not return it to the 'attention category', or 'normal' loans, but the macro has indeed put forward the application of delayed repayment. Moreover, the loan is a project financing, including the project of land, plant, machinery and equipment are fully mortgaged to the bank."

In fact, Bloomberg news, 17, has said that in March 9th, Hong Kong and the bank had opened the meeting, the application for the extension of the force, in order to avoid the company's financial restructuring agreement can not be reached due to overdue repayment. The report revealed that at least 3 banks to support macro's proposal.

Acer was founded in 2000, invested $1 billion 630 million to build a two semiconductor plant, one of which is a 12 inch specification. But there is only one put into operation, its 12 inch plant is still vacant.

A semiconductor industry analysts told reporters that although the macro power and SMIC start the same period, but officially put into operation a lot slower than the latter. SMIC in August 2000 in Shanghai hit the first pile, only 13 months after the official production. And after the first pile of macro forces in November 2000, until September 2003 was really put into operation, almost two years behind.

After the macro force put into operation, they encountered the embarrassment of idle capacity. Although the first half of 2004, the global semiconductor industry boom, Hongli semiconductor production capacity significantly improved, but the good times don't last long at the end of 2004, the global semiconductor industry, once again into the new period of low, resulting in the total revenue of grace in 2005 fell sharply, the IPO plan is so helpless extension.

From TSMC, UMC, SMIC, chartered other OEM counterparts increasingly fierce competition, put into production after nearly three years, grace in technology process, capacity reserves, capital spending, are far behind the industry with the top four rivals.

However, the difficulty of macro power is also a microcosm of the mainland's semiconductor industry, in the semiconductor industry before the arrival of the golden period, this ordeal will not be avoided. As the mainland industrial start-up, facing macro force, core, etc. the problem of similar Huahong NEC. For example, SMIC, although listed on the mainland, but still a loss of about $101 million 500 thousand in 2005, the same struggle in the food and clothing line.