ASEAN Finance / World Advanced Singapore Subsidiary Capitalizes US$120 Million
World Advanced announced that its Singaporean subsidiary, VSMC, will conduct a capital increase of US$120 million, fully subscribed by existing shareholders, to support operational needs and its 12-inch fab. The fab is expected to deliver its first samples in June-July 2026 and begin mass production in Q1 2027.
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- 📰 Published: April 7, 2026 at 22:08
- 🔍 Collected: April 7, 2026 at 23:00 (52 min after Published)
- 🤖 AI Analyzed: April 20, 2026 at 13:55 (302h 55m after Collected)
GlobalWafers today announced that its Singaporean subsidiary, VisionPower Semiconductor Manufacturing Company Pte. Ltd. (VSMC), in response to operational needs, has resolved through its board of directors to conduct a capital increase by issuing new shares at an issue price of US$1 per share, with 120 million shares to be issued, totaling US$120 million.
VSMC stated that this capital increase will be fully subscribed by existing shareholders, with the subscription record date set for April 7.
During an online earnings call in February, World Advanced Chairman Fang Lue pointed out that the construction of the 12-inch fab in Singapore is proceeding according to schedule, even slightly ahead. The first batch of samples is expected to be sent out in June or July 2026, with the goal of completing certification and commencing mass production by the first quarter of 2027. (Central News Agency Taipei, April 7) 1150407
VSMC stated that this capital increase will be fully subscribed by existing shareholders, with the subscription record date set for April 7.
During an online earnings call in February, World Advanced Chairman Fang Lue pointed out that the construction of the 12-inch fab in Singapore is proceeding according to schedule, even slightly ahead. The first batch of samples is expected to be sent out in June or July 2026, with the goal of completing certification and commencing mass production by the first quarter of 2027. (Central News Agency Taipei, April 7) 1150407