24th Jul 2006 07:00
Samsung Electronics Co. Ld24 July 2006 Setup of Overseas Company to Establish12" Wafer-Making Joint Venture On July 14, 2006, the BOD of Samsung Electronics authorized the Companyto establish an overseas company. * Details - Company name: Samsung Electronics Asia Holding- Location: Singapore- Equity investment: USD 200 million- Purpose: To serve as a holing company in setting up a joint venture withGermany's Siltronic to manufacture 12" wafers * Outline of the joint venture - Company name: Siltronic Samsung Wafers Pte. Ltd- Location: Singapore- Stake: 50% for Samsung Electronics and the other 50% for Siltronic- Purpose: To secure a stable supply of 12" wafers This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Samsung El.gdr