Macronix locks in $690M loan to fund chip capacity push
What's the deal? Macronix InternationalDealroom has a profile for this one. Try Dealroom → signed a US$636.8M syndicated loan on September 29, led and managed by Taiwan Cooperative BankDealroom has a profile for this one. Try Dealroom →. Chairman Lin Yen-mao signed the agreement with Macronix chairman Miin Wu.
Who's in? Nine lenders joined the syndicate, including Taiwan Business BankDealroom has a profile for this one. Try Dealroom →, Land Bank of TaiwanDealroom has a profile for this one. Try Dealroom →, Mega International Commercial BankDealroom has a profile for this one. Try Dealroom →, Chang Hwa BankDealroom has a profile for this one. Try Dealroom →, E.Sun Commercial Bank, Shanghai Commercial & Savings BankDealroom has a profile for this one. Try Dealroom →, Bank of TaiwanDealroom has a profile for this one. Try Dealroom →, and EnTie Commercial BankDealroom has a profile for this one. Try Dealroom →.
What's the endgame? The loan funds new plant construction, machinery purchases, and working capital. Macronix plans to add capacity this year, raising capital spending by US$457.4M for total investment of US$1.1B, mostly on 12-inch fab equipment.
Why now? The company aims for monthly output above 30,000 wafers, with the new capacity expected to contribute gradually from 2027.
The numbers: Macronix posted strong first-half growth, with net profit of US$275M. It held US$662.9M in cash against US$537.8M in current liabilities, and its debt ratio stood at about 35.8%.
Who's the borrower? Founded in 1989, Macronix is a leading maker of non-volatile memory, supplying ROM, NOR flash, and NAND flash solutions. It is one of few Taiwanese integrated device manufacturers spanning IC design, production, packaging, testing, and marketing.
The signal: At US$636.8M, this ranks among the largest debt rounds ever recorded for a Taiwanese semiconductor company — in the top 2% of 621 comparable deals. It underscores how domestic banks are underwriting the sector's capacity expansion as memory makers race to build out advanced fabs.
Read more: tw.finance.yahoo.com
Image credit: IBM Research
