1st Silicon Secures US$93.75 Million Syndicated Term Financing Arranged By Standard Chartered.Business Editors, High-Tech Writers KUCHING, Sarawak, Malaysia--(BUSINESS WIRE)--Dec. 18, 2000 1st Silicon (Malaysia) Sdn. Bhd. announced the successful conclusion of a US$93.75 million financing arranged by Standard Chartered at a signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law. Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament. here today. Proceeds from the seven-year term loan facility will be used primarily to finance the purchase of equipment for the wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. plant. The facility is fully guaranteed by the Malaysian Federal Government and has garnered support from a diverse group of financial institutions comprising The Fuji Bank The Fuji Bank, Limited (株式会社富士銀行 , Limited, Labuan Branch; Maybank International (L) Ltd; The Bank of Tokyo-Mitsubishi, Limited, Labuan Branch; The International Commercial Bank of China, Singapore Branch; Bayerische Landesbank Girozentrale, Labuan Branch; KBC Bank KBC Bank NV is a Belgian universal bank, focusing on private clients and small and medium-sized enterprises. Besides retail banking, insurance and asset management activities (in collaboration with sister companies KBC Insurance NV and KBC Asset Management NV), KBC Bank also N.V., Labuan Branch and Bank Austria Aktiengesellschaft, Singapore Branch. 1st Silicon CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Claudio G. Loddo said, "1st Silicon is very pleased with the commitment from the international financial community, and the high confidence shown to our company and its operations. The participation and support of the financial institutions, as this venture progresses steadily towards volume production, signifies their enthusiasm in sustaining the semiconductor manufacturing industry potential in Sarawak." The signing ceremony was attended by senior executives from the participating banks, government representatives, and the board and management of 1st Silicon. About 1st Silicon (Malaysia) Sdn. Bhd. 1st Silicon is a dedicated semiconductor foundry founded in 1998 by the Malaysian State of Sarawak. 1st Silicon's 200mm wafer fab, with a full capacity in excess of 30,000 wafers per month, became operational in Q3. Qualification is continuing through Q4 2000. The facility will commence volume production in Q1 2001 with 0.25(micron) digital and mixed signal CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. technology. Geometries of 0.18(micron) and below will soon follow. 1st Silicon's customers include its technology partner, SHARP, and other major semiconductor companies. The Company has its headquarters in Kuching, Sarawak, Malaysia, and a US registered subsidiary corporation located in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. . Please visit 1st Silicon's homepage at www.1stsilicon.com for more information. Note: "1st Silicon" and the 1st Silicon logo are trademarks belonging to 1st Silicon (Malaysia) Sdn. Bhd. |
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