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Qimonda plans 300mm facility to target Asian market

Posted: 27 Apr 2007     Print Version  Bookmark and Share

Keywords:300mm manufacturing facility  DRAM marker  storage market 

Qimonda AG plans to build a 300mm manufacturing facility in Singapore to expand its regional presence in the Asian market.

Qimonda plans to invest approximately Rs.11, 880.70 crore ($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 utilise 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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