Chartered said Friday that the new plant will be able to produce 2,000 wafers at the end of this year and around 9,000 to 10,000 wafers by the end of 2005, which is the break-even level, Chief Executive Chia Song Hwee said. It will have a capacity of 30,000 wafers when fully equipped.
"This will help us tremendously, not only introducing the technology but also to grow our business at the leading edge," Chia told reporters.
The company, which will spend most of its US$700 million equipment budget on Fab 7 this year, will likely spend an amount "very similar" to that next year, Chia said.
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