Qimonda to Double Production with 2.4 Billion RMB
Qimonda Technology (Suzhou) Co., Ltd., an investment project of the third largest manufacturer of storage devices in the world, held a ground breaking ceremony for the phase-2 plant. A total of 250 million Euros (the equivalent of 2.45675 billion RMB) will be spent in the project in the next three years to build Qimonda's fourth global production base.
Qimonda Technology (Suzhou) Co., Ltd. was formerly known as Infinion (Suzhou) Technology Co., Ltd., a joint venture manufacturer of IC packaging and testing set up in July28, 2003 by Infinion and SIP Venture Capital Ltd. (CSVC) with the former holding 72.5% shares and the latter 27.5% shares. The registered capital amounted to USD 300 million, and the total investment will expanded to USD 1 billion in the next 10 years. Qimonda was separated from Infinion Technology on May 1, 2006 and became a new company of memory devices, and now a major global supplier of DRAM memory devices. The company was listed at NYSE on Aug. 9, 2006.
Qimonda plans to install equipment in the new plant by the end of 2007, and the existing 10,000m2 clean lab will be doubled, while the number of employees will rise from the present 1,700 to over 3,000. By then, the production capacity will be twice as it is now. The memory IC packaging and testing (DRAM), which is the main line of business of Qimonda Suzhou plant, will make up 50% of the production capacity of Qimonda's global production. The products will chiefly be applied in PC, servers, digital TV, mobile phones, MCC players, etc. The company also plans to extend its future products to the field of graphic and imaging, mobile communications, and DRAM-led consumer products.
Mr. Kin Wah Loh, President and CEO of Qimonda Company, said at the ceremony: "More than two thirds of our DRAM products are turned out from 300mm production lines, and this requires that our backend lines to raise capacity. The expansion of Suzhou plant will give further play to our competitive edge in the Wafer-level Chip production."
Mr. Ma Minglong, Director of Sipac, expressed, "Qimonda is a giant in IC industry of Suzhou, and SIP authorities will go all out to support this major project. We believe the construction of phase-2 plant will better meet the demands of customers and bring about richer returns to the company, while promoting the implementation of Qimonda's global strategy and establishing its leading positions in memory device manufacturing and service."
March 23, 2007