Malaysian fabs tipped for U.S. bank loans

By Julian Matthews

KUALA LUMPUR–Two wafer fabrication projects in Malaysia are being considered to receive financing from the Export-Import Bank of the United States (Ex-Im Bank), the official export credit agency of the U.S. government.

The managements of startup fabs 1st Silicon (M) Sdn Bhd and Silterra (M) Sdn Bhd have confirmed that a bank representative made site visits to evaluate the two projects this month.

1st Silicon chief executive Claudio G. Loddo cited “significant progress” from the recent meeting. “The bank has been in contact with us since early this year and is evaluating and considering significant opportunities in Malaysia,” he said.
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Malaysia’s Chip Exports Decline for Second Year

By Julian Matthews

November 10, 1998 (KUALA LUMPUR) — Malaysia’s exports of semiconductors in the first seven months of 1998 declined by 4 percent, the Finance Ministry’s annual economic report said.

Exports of semiconductors declined to US$8.07 billion from about US$8.4 billion in the same period in 1997. This is the second year exports were down, signaling the heady days of double-digit export growth rates are over.

Exports contracted by 0.8 percent over the same period last year, a significant fall from rises of 24.9 percent in 1996, 25.6 percent in 1995 and 29 percent in 1994.

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