Frank Huang, founder and CEO of Taiwan's leading wafer foundry Powerchip, officially announced yesterday that it will invest $9 billion to build two 12-inch wafer fabs. The new plant covers an area of 110,000 square meters with a total monthly capacity of 100,000 pieces.

According to the plan of Powerchip, the construction of the new plant will be divided into four phases. The first phase is expected to start construction in 2020 and will be put into operation in 2022, which will create more than 2,700 jobs in the future.

About Powerchip:

In the beginning, Powerchip and Japan's Mitsubishi Electric Co. formed the strategic alliance in technology, production and sales; in 2003, Powerchip started to cooperate with Japan's DRAM major manufacturer Elpida Memory Inc. with research, production and sales on the most cutting-edge DRAM products. Besides, Powerchip is also the main partner of Japanese manufacturer Renesas Technology Corp., we manufacture many kinds of logic and memory products with wafer foundry production.

In order to establish the technical autonomy, Powerchip started to individually develop high capacity flash memory (NAND Flash) technology and became the only one enterprise in Greater China possess comprehensive technologies in design, process development and NAND Flash production; the 16Gb MLC flash memory product had been awarded the 2011 excellence award from Ministry of Economic Affairs of Taiwan.

Powerchip 8 inch wafer fab started the operation at Hsinchu Science-based Industrial Park in 1996, and started produce DRAMproduct; in 2002, the first 12-inch wafer fab of Powerchip (P1 fab) officially started production, so far Powerchip has three 12-inch fabs with total monthly 100 thousand wafers. In December, 2006, Powerchip and Elpida joint ventured the Rexchip Electronic Corp. in Central Taiwan Science Park. In 2008, Powerchip split the 8-inch fab to be independent Maxchip Electronic Corp. and entered the wafer foundry market; in 2008 August, Powerchip sold shares of Rexchip to American Micron and successfully transit to professional wafer foundry, and became the one among the top 6 in the world.

Powerchip devoted in sophisticated technology and customer service to become a world-class semiconductor company with stable profits. Powerchip has both memory and logic product specific manufacturing strength and actively work in different fields as DRAM, Flash, LCD drive IC, Power Management Chip, CMOS Image Sensor Chip as well as integrated Memory Chip. Besides, it launched the Open Foundry business model, which builds close and flexible cooperation mechanism with client in chip design, manufacturing service, equipment and production capacity sharing according to different characteristics and needs of our clients. In the future, Powerchip will continue to promote international cooperation strategy, apply cutting-edge technology, develop its own technology and steadily expand the market in order to accumulate competitive advantages in the rapidly changing high-tech industry, and become the professional wafer foundry supplier that can create win-win situation for our client.