EIB backs Munich-based hyperpure silicon wafer manufacturer Siltronic with €200M loan

Picture credit: Siltronic

The European Funding Financial institution (EIB) introduced on Thursday, October 20, that it’s offering a €200M mortgage to Siltronic AG, a Munich-based silicon wafer producer and provider. 

Siltronic says it would use the capital to finance the analysis and improvement of next-generation hyperpure silicon wafers and ingots, and improve silicon wafer manufacturing in Freiberg, Saxony.

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This EIB operation helps the one main silicon wafer provider exterior Asia, financing key investments within the EU semiconductor worth chain and strengthening the competitiveness of the EU semiconductor business.

Silicon wafers are skinny disks of semiconductor materials used to manufacture built-in circuits and different microelectronic gadgets. With out silicon wafers, on a regular basis objects, reminiscent of smartphones, computer systems, navigation methods, and shows, could be inconceivable. 

Siltronic: What it is advisable to know

Primarily based out of Munich, Siltronic AG is a producer of wafers made from hyperpure silicon, the idea for contemporary micro-and nano-technology. 

At the moment, Siltronic is the world’s fourth-largest silicon wafer producer with a world market share of round 13 per cent, and is the expertise chief for hyperpure silicon wafers, with manufacturing websites in Germany, Singapore, and america.

Christoph von Plotho, CEO of Siltronic AG, says, “We’re happy to step up our analysis and improvement in Germany with the assist of the EIB. It will strengthen our international market place for specialty silicon wafer merchandise and assist develop our footprint in Europe.”

EIB: What it is advisable to know

The EIB is the European Union’s long-term lending establishment owned by the EU Member States. It presents long-term loans for investments that assist EU coverage objectives. Infrastructure, innovation, local weather and atmosphere, and SMEs are the financial institution’s high precedence undertaking funding areas.

EIB Vice-President Ambroise Fayolle, who’s answerable for EIB tasks in Germany, says, “We’re proud to be a part of a undertaking that secures the very best degree of technological proficiency for the European Union. We view Siltronic as an organization of strategic significance for Europe. Because the undertaking will likely be carried out in Freiberg and Burghausen, it would safe jobs in Saxony and Bavaria.”