×

Cyberjaya, 24 January 2022 – SilTerra Malaysia Sdn Bhd (“SilTerra”), Malaysia’s largest semiconductor wafer foundry, is investing RM645 million on an expansion plan that will increase its annual capacity by 20 per cent.

The investment, sourced from both capital injections by shareholders and internally generated fund, will increase SilTerra’s annual capacity from 8.3 million as at end of July 2021 to 10 million mask layers. The additional capacity is expected to be ready for production by early 2023.

According to Tan Sri Syed Zainal Abidin Syed Mohamed Tahir, Group Managing Director of DNeX, and also Executive Chairman of SilTerra, the investment is the shareholders’ on-going commitment to equip the company with best-in-class manufacturing capabilities and expand the production capacity to achieve a better economy of scale, with lower manufacturing cost.

“The initiatives implemented thus far to transform SilTerra into a profitable and resilient technology company have yielded fruitful results. In the past six months, our debottlenecking and process improvements exercise have resulted in improved productivity and efficiency levels,” he said.

“As a result, SilTerra is now a profitable entity and is well-poised to grow further in view of the continuous strong demand for semiconductors and prevailing capacity constraints within the industry due to the high demand of electric vehicles, Internet-of-things (“IOT”), data centres and electronic commerce. This demand is particularly relevant especially for the 200mm specialty foundries where SilTerra is in. Hence, it is prudent for us to continue our long-term investment programmes for SilTerra to cater to the rising demand,” he added.

Moreover, he said the support from SilTerra’s customers is very strong.

“The recently inked long-term agreements (“LTAs”) with ChipOne Technology (Beijing) Co Ltd and Taiwan-based ILI Technology Corp will provide a stable business for SilTerra in case a market downturn happens. Apart from the business these LTAs will bring, SilTerra is committed to work with our customers to improve the technology cooperation to further strengthen and optimise the product and technology roadmap among the parties,” said Tan Sri Syed Zainal Abidin Syed Mohamed Tahir.

“All in all, the execution of our business roadmap has been progressing well. Alongside the continual positive outlook of the semiconductor industry and our investment, we believe there is still ample room for SilTerra to deliver stronger results moving forward,” he added.

SilTerra is a strategic investment of DNeX, and Beijing Integrated Circuit Advanced Manufacturing and High-End Equity Investment Fund Center (Limited Partnership) (“CGP Fund”).

Latest News

Get updates and announcements from Dagang Net

View All

Read more +14 June 2024

ANNOUNCEMENT: FULL IMPLEMENTATION OF THE MALAYSIA MARITIME SINGLE WINDOW (MMSW) SYSTEM AT PORT KLANG – UPDATES

Below are updates in relation to MMSW implementation: 1. Seamon Book 2. Physical Passport Submission 3. Immigration Approval Process 4. Vessels performing bunkering 5. Amendment of Estimated Time of Arrival/Estimated Time of Departure (ETA/ETD)
Read more +13 June 2024

ANNOUNCEMENT: FULL IMPLEMENTATION OF THE MALAYSIA MARITIME SINGLE WINDOW (MMSW) SYSTEM AT PORT KLANG – UPDATES

Reference is made to the attached announcement from Port Klang Authority (PKA). The announcement highlights issues with inaccurate vessel particulars submitted by Shipping Agents during the early stages of implementing MMSW for ship clearance. It warns that providing false information is an offense under multiple acts and regulations, including the Merchant Shipping Ordinance 1952 and the Port Authorities Act 1963.
Read more +12 June 2024

NOTIFICATION – SCHEDULED DOWNTIME FOR FPX – MAYBANK

Please be informed that, as requested by Malayan Banking Berhad (Maybank), their FPX services are scheduled to be temporarily unavailable on 20/6/2024 & 21/6/2024 at 12.00 am until 6.00 am, 22/6/2024 & 23/6/2024 at 12.00 am until 8.00 am
TOP