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CRM Introduces International Strategic Partner to Develop the Assembly and Test Business of Anst
Jun'24, China Resources Microelectronics announced the signing in Wu Xi with STATS Chip PAC. Both sides will take section and business joint venture in ANST under China Resources Microelectronics. in order to upgrade the capacity of IC package and testing business and customer foundation, quickly occupy IC trade's leadimg status. In the meanwhile wholly exert the integration advantage, enlarge the market both domestic and overseas. The cooperation between CRM and STATS Chip PAC will form international strategic cooperation partner relationship, to take up with both sides' IC package and testing business, and benefit the common development of both sides, bucking for win to win.
Mr. Zhu Jinkun, Chairman of CRM and CR Logic, and Mr. Tan Lay Koon, President of STATS Chip PAC, made speeches in the signing ceremony on behalf of each party. Mr. Yang Weize--Secretary of Wuxi Municipal Committee of CPC, Mr. Song Lin¡ªGM of CR Group, and Mr. Yu Zhongyu, Chairperson of Semiconductor Industry Association made ebullient speeches as well. Mr. Wang Guoping¡ªCEO of CR Logic, GM of CRM, and Mr. Tan Lay Koon signed the agreement on behalf of each party. The signing ceremony was held by Mr. Zhang Xiaojian, Assistant GM of CRM, and GM of Anst.
The strategic Joint alliance will be helpful to upgrade the competition for ANST in package and testing area, ANST will be the No.1 in China in leading frame IC assembly and testing corporation,.ANST will be able to provide the customer with the most options of lead frame IC package and testing services. Besides, ANST will generate the channel between package and testing services between international mainstream market, will enlarge customer foundation to cover international one-up semiconductor corporations.
Under the agreement, CR Logic's indirect wholly-owned subsidiary Wuxi CR Micro-Assembly Technology Ltd. (¡°ANST¡±) will purchase more than 1,000 sets of key assembly and test equipment and relevant technology from STATS Chip PAC for US$35 million, to be settled in cash installments over a four year period until 2010. £» STATS Chip PAC will transfer over 30 new packages to ANST together with the correlated standard and technology to help ANST to set up the one-up IC test technique and platform in China. And both strive to constitute an advanced manage and process system over world. STATS Chip PAC will make efforts to push her existing customers to make orders directly from ANST. ANST and STATS Chip PAC will cooperate and interdependent to explore the world market to achieve mutual beneficial for both production and market and improve the market occupancy.
Under the agreement, CRM and STATS Chip PAC will add 30 million US$ to ANST by cash to extend the capacity and technique purgation£»And CRM will invest to build a new 35000 sq m workshop and drive establishment. After that STATS Chip PAC will receive a 25% ownership stake in ANST with CR Logic owning a 75% interest. Both sides promise to enhance the cooperation in technique, market and human resources to strive for the win of altogether.
" STATS Chip PAC listed on both the Nasdaq National Market and the Singapore Exchange Securities Trading Limited, is a world famous assembly and test sub-con service. STATS Chip PAC has advanced assembly technique and plenty of customers together with leading market statement. ANST is the flagship of CRM in assembly and test area, and is one of the fast-growing enterprises in Chinese semiconductor area. We are pleased to be partnering with a global service provider like STATS ChipPAC and we believe the strong alignment between the two companies will ensure the long-term success of the joint venture and bring significant benefits to customers," said Zhu Jinkun, Chairman of CRM. "With a proven track record of success in China, ANST provides customers competitive, high quality, high volume manufacturing services tailored specifically for mature lead frame devices."
"This strategic alliance provides distinct, measurable benefits to our customers in terms of linking them with a recognized manufacturing and technological leader in China which specializes in high quality, full turnkey services for mature, cost sensitive devices. ANST offers customers proven technology leadership, high quality standards, a competitive cost structure and the necessary capacity to support growth of their low lead count products, We are confident that the joint venture will provide the best overall solution to our customers " said Tan Lay Koon, President and Chief Executive Officer, STATS ChipPAC.¡±
Over 160 people in all joined in the signing ceremony, including principals of related departments and institutions of Wuxi municipal government and Wuxi New District, related leaders of CR Logic, senior managers of SCC, management team and some departmental principals of CRM and Anst, and customer representatives of Anst.
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About China Resources Microelectronics (holdings) Co..
China Resources Microelectronics (holdings) Co. (CRM) is a famous national microelectronics enterprise in China, Orienting towards the Chinese and overseas market for consumer electronic products, CRM is engaged in the designation, development, wafer processing, testing, and assembly of two major categories of semiconductor products: integrated circuits (¡°ICs¡±) and discrete devices. With the design capacity for 0.25 ¦Ìm products and processing capacity for products 0.35 ¦Ìm as well as three 4¡± production lines, one 5¡± production line and two 6¡± production line with the annual production of 2,000,000 wafers and the total assembling capacity of over 20 billion pins of new pattern, CRM has gained strong competitive advantage in Chinese semiconductor industry.
Headquartered in Hong Kong, the core business operations of CRM are located in Hong Kong, Wuxi and Shenzhen with several famous microelectronics enterprises in china, such as China Resources Semiconductor (Hong Kong) Co., Ltd., Wuxi China Resources Huajing Microelectronics Co., Ltd., Wuxi China Resources Semico Microelectronics Co., Ltd., WuXi CR Semiconductor Wafers & Chips Ltd., Wuxi CR Micro-Assemb Tech., Ltd, Semicon Microelectronics (Shenzhen), China Resources PowTech(Shanghai) limited as well as affiliated companies such as China Resources CSMC Technology (Hong Kong) and others.
In recent years, CRM has achieved a quick development and is keeping increasing in operation. With the construct of the new 6¡± production line and assembly line, and the publish of the leading production of MP3, CRM comes to a high developed level. CRM has been ranked among the ¡°Nation's Top 100 Electronic Information Enterprises¡± and ¡°Greatest Influence Enterprise in 20 years¡± of China Information Industry.
STATS Chip PAC
STATS ChipPAC Ltd. is a leading service provider of semiconductor packaging designation, assembly, test and distribution solutions, and was listed on both the Nasdaq National Market and the Singapore Exchange Securities Trading Limited. Headquartered in Singapore, STATS ChipPAC is a leader in mixed signal testing and advanced packaging technology for semiconductors used in diverse end market applications including communications, power, digital consumer and computing. With advanced process technology capabilities and a global manufacturing presence spanning Singapore, South Korea, China, Malaysia and Taiwan, STATS ChipPAC's customers are some of the largest wafer foundries, integrated device manufacturers (IDMs) and fabless companies in the United States, Europe and Asia. STATS ChipPAC's facilities include those of its subsidiary, Winstek Semiconductor Corporation, in Hsinchu District, Taiwan. These facilities offer new product introduction support, pre-production wafer sort, final test, packaging and other high volume preparatory services. Together with our research and development centers in South Korea, Singapore, Malaysia, China, Taiwan and the United States as well as test facilities in the United States, this forms a global network providing dedicated test engineering development and product engineering support for customers from design to volume production. STATS ChipPAC is listed on both the Nasdaq National Market and the Singapore Exchange Securities Trading Limited. In addition, STATS ChipPAC is also included in the Morgan Stanley Capital International (MSCI) Index and the Straits Times Industrial Index.
(Fang Yuan) |
