DNeX's bid reportedly includes a promise to inject MYR500 million (about US$125 million) into the wafer fab but is the lowest of four bids for SilTerra, including a US$150 million bid from Taiwan's Hon Hai Precision Industry Co. Ltd. (see Foxconn bids for stake in Malaysian foundry). Another came from Germany's X-Fab Silicon Foundries, a long-tme partner with SilTerra.
A second joint-venture backed by China is also on the table for SilTerra, the report said. This comes from Green Packet Bhd, a wireless product company listed on the Malaysian stock exchange. Green Packet also plans to invest up to MYR500 million in SilTerra to fund its growth. The group is partnering with Chinese private equity firm Orient Excellent. The report said it was not known if Orient Excellent's funding offer was also time-limited.
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