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KUALA LUMPUR: Dagang Nexchange Bhd (DNeX) is the third most actively traded stock on Bursa Malaysia this morning, after securing a US$400mil contract from ChipOne Technology (Beijing) Co Ltd.
The counter climbed one sen, or 1.32% to 76.5 sen with over 20 million shares done.
DNex subsidiary SilTerra Malaysia Sdn Bhd has secured a multi-year contract worth US$400mil (RM1.69bil) with ChipOne.
Under the multi-year agreement, SilTerra will supply wafers which are used in the production of semiconductor devices to ChipOne.
Both companies will work closely on product development and mass production based on SilTerra’s Bipolar-CMOS-DMOS (BCD) technology. CMOS refers to Complementary Metal Oxide Semiconductor while DMOS refers to Double Diffused Metal Oxide Semiconductor.
DNeX group managing director and SilTerra executive chairman Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said the agreement would see SilTerra having a guaranteed wafer base load for the next several years and ensure a high factory utilisation rate for the company going forward.
DNeX has recently completed the acquisition of SilTerra from Khazanah Nasional Bhd. DNeX is now is the majority shareholder of SilTerra.