Global Sources
EE Times-India
Stay in touch with EE Times India
 
EE Times-India > Manufacturing/Packaging
 
 
Manufacturing/Packaging  

Chartered secures loan to support 300mm fab

Posted: 30 Jan 2008     Print Version  Bookmark and Share

Keywords:litho scanners  Chartered loan  300mm 

Singapore's Chartered Semiconductor Manufacturing Pte Ltd has signed an agreement for a Rs.750.09 crore ($190 million) term loan facility from Societe Generale.

The loan is guaranteed by Atradius Dutch State Business NV and is to support the phase 2 ramp of Fab 7, the company's first 300mm wafer fab.

The credit facility will be used to finance the purchase of lithography equipment from ASML Holding NV of the Netherlands. ASML, the main lithography vendor for Chartered, will reportedly supply its 193nm immersion systems, observers speculated.

The loan will be drawn down in accordance with the ramp schedule of the fab and will be repaid over a period of five years, according to the foundry provider.

Recently, Chartered signed an agreement for a Rs.1,184.35 crore ($300 million) term loan facility from Japan Bank for International Cooperation and Sumitomo Mitsui Banking Corp. The credit facility will be used to finance the purchase of Fab 7 equipment from Japanese vendors.

Last year, Chartered struck a deal to borrow Rs.2,408.18 crore ($610 million) to push ahead the ramp-up of its first 300mm wafer fab. The loan, taken from J.P. Morgan, is being guaranteed by the Export-Import Bank of the United States and will be used to buy chip making equipment from U.S. suppliers.

- Mark LaPedus
EE Times




Comment on "Chartered secures loan to support 30..."
Comments:  
*  You can enter [0] more charecters.
*Verify code:
 
 
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

 

Go to top             Connect on Facebook      Follow us on Twitter      Follow us on Orkut

 
Back to Top