Chartered Secures Additional Financing for Fab 7
SINGAPORE – January 29, 2008 – Chartered Semiconductor Manufacturing Ltd., one of the world’s top dedicated foundries, announced that it has signed an agreement for a US$190 million term loan facility from Societe Generale. The loan is guaranteed by Atradius Dutch State Business NV and is to support the Phase 2 ramp of Fab 7, the company’s first 300-millimeter (mm) wafer fabrication facility.
The credit facility will be used to finance the purchase of Fab 7 equipment from ASML, a European equipment vendor. It will be drawn down in accordance with the ramp schedule of the fab and will be repaid over a period of five years. The funding cost for the loan is approximately London Interbank Offering Rate (LIBOR) plus 62 basis points. The funding costs mentioned above exclude arrangement, commitment and related fees.
About Chartered
Chartered Semiconductor Manufacturing Ltd. (Nasdaq: CHRT, SGX-ST: CHARTERED), one of the world’s top dedicated semiconductor foundries, offers leading-edge technologies down to 65 nanometer (nm), enabling today’s system-on-chip designs. The company further serves the needs of customers through its collaborative, joint development approach on a technology roadmap that extends to 32nm.
Chartered’s strategy is based on open and comprehensive design enablement solutions, manufacturing enhancement methodologies, and a commitment to flexible sourcing. In Singapore, the company operates a 300mm fabrication facility and four 200mm facilities. Information about Chartered can be found at www.charteredsemi.com.
Related Semiconductor IP
- Process/Voltage/Temperature Sensor with Self-calibration (Supply voltage 1.2V) - TSMC 3nm N3P
- USB 20Gbps Device Controller
- SM4 Cipher Engine
- Ultra-High-Speed Time-Interleaved 7-bit 64GSPS ADC on 3nm
- Fault Tolerant DDR2/DDR3/DDR4 Memory controller
Related News
- Chartered secures financing for Fab 7
- Chartered Begins Next Phase of Equipment Move-In at Fab 7 in Support of Planned Capacity Expansion for Leading-Edge Processes
- Samsung to Invest $7 Billion in China Fab
- ARM revenues rise 7% sequentially on higher royalties from chip makers
Latest News
- Cassia Proposes ‘Better Math’ for AI Efficiency
- QuickLogic Announces $1M eFPGA Hard IP Contract for Data Center ASIC
- Creonic Updates Doppler Channel IP Core with Extended Frequency Band and Sampling Range
- TSMC Price Hikes End the Era of Cheap Transistors
- Analogue Insight IP Group Launches Analogue Insight SAFE in Portland, Oregon to Deliver Certification-Grade Security IP for Next-Gen SoCs and Chiplets