Silterra invests RM645mil to boost capacity

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KUALA LUMPUR: Malaysia’s largest semiconductor wafer foundry, SilTerra Malaysia Sdn Bhd (SilTerra), is investing RM645 million on an enlargement plan that may improve its annual capacity by 20 per cent.

The funding, sourced from capital injections by shareholders and internally generated funds, will improve SilTerra’s annual capacity from 8.3 million (as at end-July 2021) to 10 million masks layers by early 2023, in accordance to a press release from Dagang Nexchange Bhd (DNeX).

DNeX group managing director and SilTerra govt chairman Tan Sri Syed Zainal Abidin Syed Mohamed Tahir stated the funding exhibits shareholders’ dedication to equipping the corporate with best-in-class manufacturing capabilities to increase capacity.

“The initiatives carried out to date to remodel SilTerra right into a worthwhile and resilient know-how firm have yielded outcomes.

“In the previous six months, our de-bottlenecking and course of enhancements train have resulted in improved productiveness and effectivity ranges,” he stated.

He famous that SilTerra is poised to additional development in view of the sturdy demand for semiconductors and prevailing capacity constraints inside the business, due to the excessive demand for electrical autos, Internet-of-Things (IoTs), information centres and digital commerce.

Syed Zainal Abidin stated the not too long ago inked long-term agreements with ChipOne Technology (Beijing) Co Ltd and Taiwan-based ILI Technology Corp will present steady enterprise for SilTerra within the occasion of a market downturn.

“All in all, the execution of our enterprise roadmap has been progressing effectively. Alongside the continuous constructive outlook of the semiconductor business and our funding, we consider there may be nonetheless ample room for SilTerra to ship stronger outcomes, transferring ahead,” he added.

SilTerra is a strategic funding of DNeX and the Beijing Integrated Circuit Advanced Manufacturing and High-End Equity Investment Fund Centre (Ltd Partnership). – Bernama



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