Memory FAQs
 
Home
News
Products
Shop
Memory
Corporate
Contact
 

News
Industry News
Publications
CST News
Help/Support
Member Area
Tester Brochure
Demo Library
Software
Tester FAQs

biology medicine news product technology definition

Thursday, August 16, 2018
Memory Industry News
Email ArticlePrinter Format PreviousNext

Powerchip goes IPO to fund new chip plant


Friday, May 11, 2018

Powerchip Technology Corp (Ƽ) aims to relaunch an initial public offering (IPO) in 2020 in Taiwan to fund construction of a NT$278 billion (US$9.31 billion) 12-inch fab.

It said it submitted an application to the Hsinchu Science Park Administration to rent land for the fab in Tongluo Industrial Park (~茿ƌW@^) in Miaoli County.

The plant would be the biggest investment by the Hsinchu-based chipmaker in about a decade after it emerged six years ago from deep financial woes caused by a slump in the DRAM industry.

It has spent the past few years clearing debts of NT$120 billion.

Powerchip turned a net profit of NT$8.08 billion last year, or NT$3.54 per share, as it has transformed itself into a supplier of driver ICs used in LCD panels and memory chips for other companies.

Powerchip has to build a new fab to fill clients orders, founder Frank Huang (S) told a media briefing. We are having headaches about capacity distribution. Our factories are running almost at 100 percent now.

It plans to invest NT$58 billion into the first phase of construction of the plant, which will be the firms fourth, he said, adding that it has been designated to produce 20-nanometer chips, with an installed capacity of 100,000 wafers.

The Fab 4 will help increase capacity of logic chips, rather than memory chips, Huang said, adding that construction is set to begin in 2020.

Making a comeback to the local stock market would help fund the construction, Huang said.

Powerchip makes driver ICs, metal-oxide-semiconductor field-effect transistors (MOSFETs), and niche chips for other firms.

MOSFETs are transistors that can change conductivity with the amount of applied voltage and can be used for amplifying or switching electronic signals.

MOSFET supplies have tightened due to strong demand from new applications such as electric vehicles and Internet-of-Thing devices, Powerchip said.

Their use in electric cars is expected to double from todays 10 units to about 20, or 25 units, Huang said, adding that Powerchip also supplies memory chips for the mining of cryptocurrency such as ethereum.

By: DocMemory
Copyright 2018 CST, Inc. All Rights Reserved

Email ArticlePrinter Format PreviousNext
Latest Industry News
Job posting implies Apple looking at a health processor8/16/2018
3 more flaws found on Intel Xeon processor8/16/2018
Turkey increased tariffs on certain U.S. products in retaliations8/16/2018
U.S. productivity growth at 2.9 percent8/16/2018
5G roll out in India to detlay8/15/2018
DRAM industry increased its second quarter output to $25.69 billion8/15/2018
Mouser is now a franchise distributor for Micron8/15/2018
U.S. government agencies bans Huawei and ZTE8/15/2018
TSMC achieved 3.9% sales gain regardless of virus incident8/14/2018
Qualcomm plans manufacturing engineering center in Taiwan8/14/2018

CST Inc. Memory Tester DDR Tester
Copyright © 1994 - 2018 CST, Inc. All Rights Reserved