Applied Materials No-Politics Thread (AMAT) Message Board

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Technology Stocks : Applied Materials No-Politics Thread (AMAT)

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To: niek who wrote (20796)	10/4/2006 1:25:22 AM
From: etchmeister	Read Replies (2) of 25522

PSC raises fund for expansion Latest news MOPS, October 3; Esther Lam, DigiTimes.com [Wednesday 4 October 2006] Powerchip Semiconductor Corporation (PSC) announced that it will issue a total of 480-600 million new shares in the form of common shares and GDR (global depositary receipt) to fund its 12-inch wafer fab expansion, equipment procurement and capacity expansion, according to a company filing with the Taiwan Stock Exchange (TSE). Referring to the company's share price, a Chinese-language Commercial Times report suggested that PSC may raise a total of US$31-38 million. PSC's share price closed at NT$21.10 on October 3. The paper said PSC will mainly utilize the raised funds for the second phase of expansion at its 12-inch Fab 12M.

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