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KUALA LUMPUR (Aug 4): Dagang NeXchange Bhd (DNeX), through its recently acquired business unit SilTerra Malaysia Sdn Bhd, has entered into a long-term multi-year wafer supply and purchase agreement with ChipOne Technology (Beijing) Co Ltd worth over US$400 million (approximately RM1.69 billion).
Under the agreement, SilTerra will supply wafers which are used in the production of semiconductor devices to ChipOne. DNeX said the agreement will allow SilTerra to have a guaranteed wafer base load for the next several years, which will mitigate any downward variability in customer orders and ensure SilTerra has a reasonable factory utilisation rate moving forward.
According to DNeX, ChipOne is the world’s leading driver integrated circuit (IC), touch controller and fingerprint sensor fabless IC design house based in Beijing, China.
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