Stats Chippac, a Singaporean chip-assembly company, has agreed to work on a joint venture with a Chinese partner to test and package semiconductors in Wuxi, China.
The company said it plans to team up with China Resources Logic, which owns various chip operations around China. Stats will pay US$10 million for a 25 percent stake in a chip-assembly company owned by China Resources, dubbed Wuxi CR Micro-Assembly Technology.
In return, Wuxi CR will buy $35 million worth of equipment from Stats. The Singaporean company will provide sales and technical support to Wuxi CR through the end of 2009, and send orders to it from existing customers who need work done in China. Wuxi CR will pay Stats a commission on revenue generated from the orders.
“This strategic alliance provides distinct, measurable benefits to our customers in terms of linking them with a recognized manufacturing and technology leader in China,” Stats said.
China Resources is a major player in China’s budding semiconductor industry. In addition to the chip-assembly company, China Resources owns a major stake in CSMC Technologies, one of China’s biggest contract chip makers.
-Dan Nystedt, IDG News Service (Taipei Bureau)
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