Thye Ming Technology to set up passive chip plants in Shanghai, Dongguan

Taipei, Aug. 25, 2003 (CENS)--Thye Ming Technology Corp., an affiliate under Thye Ming Industrial and the fourth largest resistor chip maker in Taiwan, will invest NT$150 million to set up passive chip plants in both Shanghai and Dongguan, Guangdong Province.

Thye Ming Technology increased its capital from NT$110 million to NT$660 million in March 2002. Thye Ming Industrial now holds a 66% stake in the local technology company.

During the initial period, Thye Ming Technology will set up resistor chip plants in the mainland for the rear end process, mainly in testing and packaging. Both R&D and array process will be still conducted at its Taiwan plant.

Thye Ming Technology estimated its revenue to reach the target of NT$350 million in 2003. The firm will meet the break-even point as expected.

Thye Ming has ventured into the new CR0402 thick chip resistor market. It will also develop thick film resistors for the PC industry.

Meanwhile, the firm will develop unleaded products, super resistors in the third quarter. It will continue the research and development of other super resistors and high voltage products in early next year.