Siltera Malaysia Plans Global Expansion On Higher Demand
Tuesday September 23, 3:46 am ET
KUALA LUMPUR -(Dow Jones)- State-owned Silterra Malaysia Sdn. Bhd., a semiconductor wafer foundry, Tuesday said it expects robust demand for its products in the fourth quarter of 2003 and for the whole of 2004.
"Silterra has received record bookings during the third quarter 2003, and is seeing equally strong activity in the fourth quarter," the company said.
"The company's demand forecast shows the booking momentum will continue at least through 2004, and the overall outlook for the three-year planning horizon is solid," Silterra added.
Silterra Malaysia said it plans to expand its manufacturing capacity to support the increased demand.
The increased demand is broad-based and the company is receiving more orders and for higher volume from all its customers for a variety of applications, including consumer products, enterprise networking chips, display drivers and storage controllers, Steve Della Rocchetta, executive vice president of worldwide sales and marketing for Silterra, said.
"We believe the long-awaited recovery has begun and we feel optimistic that we will continue to gain market share going forward," Rocchetta added.
The company has major customers in North America, Taiwan, Japan, South Korea and Malaysia.
Silterra also plans to expand its worldwide presence by opening new offices in Kuala Lumpur, Germany and South Korea over the next several quarters.
Silterra Malaysia's headquarters and factory are located in Kulim, near northern Penang state.
The company's major shareholders are Khazanah Nasional Bhd. and Bank Industri Malaysia Bhd., both of which are wholly owned by the government's investment arm, the Minister of Finance Inc. |
