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Taiwan's Global Wafers to invest USD 30 million in Cheonan

According to Yonhap News,

(HONGSEONG=Yonhap News) Taiwan's GlobalWafers, one of the world's top three semiconductor wafer producers, invest USD 30 million in Cheonan, Chungnam.

Governor Yang Seung-jo signed MOU with Cheonan city mayor, ‎Chairman & CEO Doris Hsu of Global Wafers, and CEO Jo Chan-rae of MEMC Korea at Hayatt Hotel, Taipei, Taiwan on June 4.

Global Wafers invested USD 410 million to build a plant producing 300mm silicon wafers on the site of 9,550 square meters in MEME Korea, its Korean subsidy, in Seonggeo-eup, Cheonan-si. It sets target for construction completion in November this year.

The MOU signed on the day is to extend 1,580 square meters of factory on the existing site by investing USD 30 million more over the next five years.

It is expected to generate KRW 150 billion sales, KRW 543 billion production, and KRW 114.5 billion in import substitution.

Global Wafers is headquartered in Hsinchu, Taiwan, established in 2011. It now has 26 affiliates in 14 countries, accounting for 18 percent of world silicon wafer production.

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Source Text

Source: Yonhap News (July 4, 2019)

** This article was translated from Korean.


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