SAN JOSE, Calif. Singaporean foundry provider Chartered Semiconductor Manufacturing Pte. Ltd. on Wednesday (Dec. 29) confirmed that it has signed an agreement for a $653 million term loan facility from J.P. Morgan, guaranteed by the Export-Import Bank of the United States (EXIM).
The loan agreement, originally announced in November (see Nov. 15 story), is to support the Phase 1 ramp of Fab 7, the company's first 300-mm wafer fabrication facility.
Chartered has also finalized a $200 million term loan facility with Sumitomo Mitsui Banking Corp. (SMBC) and Oversea Chinese Banking Corp., a $50 million term loan facility with Bank of America, and a $150 million revolving credit facility with SMBC. Together with the $653 million term loan guaranteed by EXIM, these credit facilities are expected to support Fab 7 Phase 1 ramp of production capacity to 15,000 300-mm wafers per month.