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05 September 2006
Largest ever semiconductor equipment operating lease completed in Taiwan
SAN DIEGO, September 5, 2006 — Macquarie Electronics today announced the completion of a US$220 million operating lease transaction with ProMOS Technologies Inc. in Taiwan. The transaction was completed in NTD and involved leading edge, 200mm, semiconductor manufacturing equipment located in ProMOS Technologies’ state of the art FAB 1 facility in the Hsinchu Science Park, Taiwan. The transaction is the largest ever semiconductor equipment operating lease completed in Taiwan.
Mr. David Coons, President of Macquarie Electronics USA Inc. said, "This is a landmark operating lease transaction for ProMOS and Macquarie Electronics. The global semiconductor industry as a whole is focusing more and more on maximizing their return on investment and is constantly seeking ways to obtain low cost financing and operational flexibility. At Macquarie Electronics, we are uniquely positioned to provide our customers with appropriate asset management solutions.”
Dr. M. L. Chen,Chairman and President of ProMOS Technologies said, “ ProMOS’ core competency is continuing to migrate to advanced DRAM process technologies, and partnering with Macquarie has enabled us to allocate our financial resources more effectively so we can keep investing and upgrading our technology nodes to achieve cost reduction and manufacturing efficiency. The creative operating lease structure was clearly a win-win situation for both companies.”
About Macquarie Electronics
Macquarie Electronics is a member of the Macquarie group and provides global asset management services to the Semiconductor industry including operating lease financing, buying and selling of second hand assets, and remarketing surplus equipment. The Macquarie group is a diversified international provider of specialist financial and investment banking services with over 8,600 employees in 24 countries. Headquartered in Sydney, Australia, Macquarie Bank Limited listed on the Australian Stock Exchange in 1996 and is ranked as one of Australia’s top 15 companies by market capitalization. For more information about Macquarie Electronics, visit www.macquarie.com/electronics
About ProMOS Technologies Inc.
ProMOS Technologies, headquarter in Hsin-chu, Taiwan, is a memory solution provider and renowned in the global DRAM industry for its outstanding performance in manufacturing excellence and technology advancement. The company manufactures high-performance and high-density commodity DRAM memory chips as well as pseudo- SRAM, lower power SDRAM products. ProMOS is listed on Taiwan GreTai Securities Market. For more information on ProMOS Technologies, visit www.promos.com.tw.
For further information please contact:
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Kathryn Bonnefin
Corporate Communications
Macquarie Group
Tel: +1 (212) 231 1739
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Dr. Ben Tseng
Vice President, Sales and Marketing
ProMOS Technologies
ben_tseng@promos.com.tw
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