Walton Advanced Electronics will take on a loan of NT$6 billion (US$186 million) to be paid back over a period of five years to enhance its business operation, according to the DRAM backend firm. The syndicated loan will be supported by eight banks.
Walton said it will sign the new syndicated loan on July 8.
Walton was quoted in previous reports saying it is looking to grow the number of its high-speed testers for DDR3 chips, and also expand capacity through acquiring a LCD module (LCM) plant from HannStar Display. The DRAM backend firm plans to budget NT$5 billion in capex for 2010, compared to NT$2 billion allocated last year.
Elpida Memory and Winbond Electronics reportedly are among Walton's major clients.