First Bank leads NT$7.2 billion syndicated loan for Chang Wah Technology
Taiwan's Chang Wah Technology has locked in a big new loan on easy terms, a good sign for the company and for the chip supply chain it feeds.
- First Bank and Land Bank arranged a NT$7.2 billion syndicated loan, and other banks piled in — the deal was oversubscribed 1.45 times.
- The money mostly refinances old debt and funds working capital, giving the company more room to expand factories in Taiwan and Malaysia.
- Chang Wah makes lead frames used in chip packaging, and is pushing into AI server power management, robots, and low-orbit satellites.
- Business is strong: second-quarter revenue hit a record high as the chip cycle recovered and the product mix improved.
- The loan ties its interest terms to green targets like emissions, energy use, water recycling, and waste reuse — a first for the company.
Outlook: With cheap funding secured and AI-driven demand rising, Chang Wah looks set to keep expanding capacity through the coming year.