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Taiwan Test Giant King Yuan Electronics To Expand Its China Plant

King Yuan Electronics Corporation (KYEC) has signed a US$80.1million syndicated loan agreement with a bank to expand its China-based plant Kinglong Technology in Suzhou, this is due to the increasing capacity of 5G based IC for testing.

Kinglong Technology is wholly-owned by KYEC and will use the budget to purchase new equipment and facilities to build additional capacity as the expansion will be in between 2019 and 2020.

KYEC’s expansion of Kinglong will be more focused on 5G based chips particularly orders from Huawei and Hisilicon. An increase of capacity of fabless chipmakers from China like Goodix, Galaxycore and Silead will also be included in the expansion.

KYEC has reported a record high of NT2.11billion in revenue for June 2019 which has a total revenue of NT$6.09billion in the second quarter of 2019 which is an all-time high year-on-year basis.


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