Chinese foundry services company CSMC Technologies has entered into an arrangement with Chartered Semiconductor Manufacturing for equipment purchase, technology licensing, operational assistance and customer referrals. In return, Chartered will receive cash payments and an equity stake in the Chinese foundry currently specialising in 150mm wafer production.

Chinese foundry services company CSMC Technologies has entered into an arrangement with Chartered Semiconductor Manufacturing for equipment purchase, technology licensing, operational assistance and customer referrals. In return, Chartered will receive cash payments and an equity stake in the Chinese foundry currently specialising in 150mm wafer production.

Chartered will transfer 0.6micron (analogue, EEPROM, high voltage and BiCMOS), 0.5micron (analogue) and 0.35micron (logic) technologies to CSMC-Tech. Also equipment assets from Chartered's Fab 1 will be installed in CSMC-Tech's 150mm Fab 1 facility at Wuxi, China. The technology transfer is scheduled to start in Q3 2003, followed by equipment decommissioning which is expected to start in April 2004. Using the 150mm equipment sets purchased from Chartered's Fab 1, CSMC-Tech plans to increase its total 150mm capacity from the current 20,000 wafers per month to more than 45,000 wafers per month by mid 2005.

Chartered and CSMC-Tech are also discussing opportunities for future collaboration, focused on extending the productive life and availability of proven technologies for 200mm manufacturing.
Customer referral fees will be satisfied by the allotment and issue of CSMC-Tech's ordinary shares up to a value of $5mn. The equipment purchases will be worth up to $33mn, resulting in cash and share payments to Chartered.

On August 5, 2003, Central Semiconductor Manufacturing Corporation (CSMC) and CR Logic announced the formation of CSMC-Tech and invited a consortium of well-known international investors to back the company. Leading the $67mn investment round were 3i and Crown Crystal Investments.

The arrangement between Chartered and CSMC-Tech will be conditional upon the completion of CSMC-Tech's fundraising activities.

Upon completion of the transactions contemplated under the investment agreement, CSMC-Tech's issued share capital will be owned 29.2% by CR Logic, 24.2% by CSMC and an aggregate of 46.6% by Chartered and other investors. Any equity coming from the above agreements would bring Chartered's overall stake in the company to not more than 11.15%.

Charley Song, Chairman of CR Logic, reports: "The collaboration between CSMC-Tech and Chartered is expected to provide CSMC-Tech with the equipment and technology roadmap for future upgrading of CSMC-Tech's existing 0.45micron-based process."

AngelTech Live III: Join us on 12 April 2021!

AngelTech Live III will be broadcast on 12 April 2021, 10am BST, rebroadcast on 14 April (10am CTT) and 16 April (10am PST) and will feature online versions of the market-leading physical events: CS International and PIC International PLUS a brand new Silicon Semiconductor International Track!

Thanks to the great diversity of the semiconductor industry, we are always chasing new markets and developing a range of exciting technologies.

2021 is no different. Over the last few months interest in deep-UV LEDs has rocketed, due to its capability to disinfect and sanitise areas and combat Covid-19. We shall consider a roadmap for this device, along with technologies for boosting its output.

We shall also look at microLEDs, a display with many wonderful attributes, identifying processes for handling the mass transfer of tiny emitters that hold the key to commercialisation of this technology.

We shall also discuss electrification of transportation, underpinned by wide bandgap power electronics and supported by blue lasers that are ideal for processing copper.

Additional areas we will cover include the development of GaN ICs, to improve the reach of power electronics; the great strides that have been made with gallium oxide; and a look at new materials, such as cubic GaN and AlScN.

Having attracted 1500 delegates over the last 2 online summits, the 3rd event promises to be even bigger and better – with 3 interactive sessions over 1 day and will once again prove to be a key event across the semiconductor and photonic integrated circuits calendar.

So make sure you sign up today and discover the latest cutting edge developments across the compound semiconductor and integrated photonics value chain.

REGISTER FOR FREE

VIEW SESSIONS