Global specialty foundry leader in semiconductor and tal Code Technology Co. Ltd. and Deco Deco code (Nanjing) semiconductor technology Co. Ltd. (hereinafter collectively referred to as the "Deco code") announced on 22 tal has received $eighteen million in net first payment, the two sides frame agreement, and Deco code to enter the first stage of tal cooperation; this plan to set up new protocol inch wafer plant in Nanjing Chinese. According to the relevant provisions of the framework agreement, Starr will provide technical experts and business integration consulting, agreed and stated the final agreement both sides based on the conditions and set the mileage, this tall to collect the balance after a few years.
In addition, since the plant began mass production, tal semiconductor will have the right to obtain 50% of the target capacity of the plant, 40000 wafers per month, and can be determined by its own use. This capacity will increase the manufacturing capacity and resilience of the semiconductor manufacturing company in response to its growing global demand.
In Nanjing economic and Technological Development Zone Management Committee, the full support of the monarch and XinDa and other third party investors and enterprises, will be responsible for the entire code Deco project to raise funds, funding for major process and delivery of all activities, including infrastructure, equipment commissioning, trial production.
The general manager of Dr. Itzhak Edrei's comment and said: "this agreement with Deco code, focusing on similar business strategies so tall growing market Chinese. Over the past few years, China's chip design industry has grown rapidly. Nanjing eight inch plant will be in Chinese tal strategic step, at the same time, through the optimization of product performance and time to market Chinese customers, to expand the advanced technology made of tal."
The other, CEO's Russell Ellwanger commented: "we are in China multi-party negotiations, and finally decided to cooperate with the Deco code. Cooperation between the two sides is beneficial to the realization of the long-term strategy blueprint of tal. The Chinese government is focusing on developing its domestic semiconductor industry, which will provide a bigger market for tal. As a global leader in analog chips, we can also expand our services and geographical areas. This cooperation will enable us to further meet the needs of our customers through more available capacity and enable us to grow in the growing Chinese market".
Deco code chairman Li Rui said: "with" wisdom "and" passion "is our core beliefs, Deco code and the company will uphold the belief and Starr remembered. We are committed to making the greatest contribution to our business partners, the global semiconductor industry and society as a whole. Deco codes will be with XinDa and other enterprises Jun and full support to the project. The venture capital model will take the lead in Asia and upgrade the semiconductor industry to a higher level".
The foundation and the signing ceremony held in Nanjing, chairman of the Mr. Amir Elstein semiconductor Starr, general manager of Dr. Itzhak Edrei, Mr. Erez Imberman vice president of business development as well as the former Israeli ambassador Maarten Chu Yonghong, vice mayor of Nanjing City, Nanjing Qixia district party secretary Xing zhengjun1a and director of the Nanjing economic and Technological Development Zone Gao Dechen attended the ceremony. In the photo the two sides signed on behalf of the chairman Li Rui and Deco code semiconductor CEO CEO Mr. Russell's Mr. Ellwanger, as well as other participants mentioned above.
