News Article
1st Silicon (Malaysia) Has Received A New Round Of Financing, Totalling
1st Silicon (Malaysia) has received a new round of financing, totalling
$614mn in equity and credit. The funds give 1st Silicon the capital to buy
manufacturing equipment to bring its manufacturing to capacity levels. Of
the $614mn, $290mn is additional equity raised since January 2002 thus
increasing the company's paid-up share capital from $322mn to $613mn. The
other portion of the company's funding is represented by two credit
facilities amounting to $324mn. The credit facilities are guaranteed by the
Malaysian government.
1st Silicon (Malaysia) has received a new round of financing, totalling
$614mn in equity and credit. The funds give 1st Silicon the capital to buy
manufacturing equipment to bring its manufacturing to capacity levels. Of
the $614mn, $290mn is additional equity raised since January 2002 thus
increasing the company's paid-up share capital from $322mn to $613mn. The
other portion of the company's funding is represented by two credit
facilities amounting to $324mn. The credit facilities are guaranteed by the
Malaysian government.
$614mn in equity and credit. The funds give 1st Silicon the capital to buy
manufacturing equipment to bring its manufacturing to capacity levels. Of
the $614mn, $290mn is additional equity raised since January 2002 thus
increasing the company's paid-up share capital from $322mn to $613mn. The
other portion of the company's funding is represented by two credit
facilities amounting to $324mn. The credit facilities are guaranteed by the
Malaysian government.