April 26, 2018 1:59 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of UTAC (Taiwan) Corporation

Company Overview

UTAC (Taiwan) Corporation provides component testing services for semiconductor IC memory and non-memory devices. It offers test back end services; semiconductor IC packaging laminate materials and packaging substrate design services; and assembly of packaging, testing memory, and non-memory devices. UTAC (Taiwan) Corporation was formerly known as UltraTera Corporation and changed its name to UTAC (Taiwan) Corporation in March 2005. The company was founded in 1995 and is based in Hsinchu, Taiwan. As of March 31, 2005, UTAC (Taiwan) Corporation operates as a subsidiary of United Test and Assembly Center Ltd.

2, Li-Hsin Road 3

Science-Based Industrial Park

Hsinchu,  30075

Taiwan

Founded in 1995

Phone:

886 3 578 8780

Fax:

886 3 577 1103

Key Executives for UTAC (Taiwan) Corporation

UTAC (Taiwan) Corporation does not have any Key Executives recorded.

UTAC (Taiwan) Corporation Key Developments

Pre-Packaged Reorganization Plan and Disclosure Statement Approved for Global A&T Electronics Ltd.

The US Bankruptcy Court approved the pre-packaged plan of reorganization and disclosure statement of Global A&T Electronics Ltd on December 22, 2017. As per the approved plan filed, the administrative claims, professional fee claims, statutory fee claims, priority tax claims, other priority claims and other secured claims shall be paid in full in cash. Initial Notes Claims in the amount of $625 million shall receive its Pro Rata share of $548.89 million in New Secured Notes and $8.89 million in Cash. Additional Notes Claims in the amount of $502.26 million shall receive its Pro Rata share of $110 million in New Secured Notes and Additional Noteholder Common Equity. General Unsecured Claims shall receive payment in Cash in an amount equal to such Allowed General Unsecured Claim in the ordinary course of business in accordance with the terms and conditions of the particular transaction giving rise to such Allowed General Unsecured Claim. Intercompany Interests shall be, at the option of the Debtors, either Reinstated, canceled, or receive such other treatment that is acceptable to the Debtors or the Reorganized Debtors, as applicable, with the consent of the Required Consenting Noteholders, not to be unreasonably withheld. On the Effective Date, Interests in GATE shall be reinstated. The plan shall be funded from issuance of 8.5% new secured notes in the amount of $665 million and issuance of additional Noteholder Common Equity.

Pre-Packaged Reorganization Plan and Disclosure Statement Filed by Global A&T Electronics Ltd.

Global A&T Electronics Ltd. filed a pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on December 17, 2017. As per the plan filed, the administrative claims, professional fee claims, statutory fee claims, priority tax claims, other priority claims and other secured claims shall be paid in full in cash. Initial Notes Claims in the amount of $625 million shall receive its Pro Rata share of $548.89 million in New Secured Notes and $8.89 million in Cash. Additional Notes Claims in the amount of $502.26 million shall receive its Pro Rata share of $110 million in New Secured Notes and Additional Noteholder Common Equity. General Unsecured Claims shall receive payment in Cash in an amount equal to such Allowed General Unsecured Claim in the ordinary course of business in accordance with the terms and conditions of the particular transaction giving rise to such Allowed General Unsecured Claim. Intercompany Interests shall be, at the option of the Debtors, either Reinstated, canceled, or receive such other treatment that is acceptable to the Debtors or the Reorganized Debtors, as applicable, with the consent of the Required Consenting Noteholders, not to be unreasonably withheld. On the Effective Date, Interests in GATE shall be reinstated. The plan shall be funded from issuance of 8.5% new secured notes in the amount of $665 million and issuance of additional Noteholder Common Equity. Debtor filed a modified plan with technical modifications in the US Bankruptcy court on December 20, 2017. As per modified plan filed there were no modifications related to the change in treatment of different claim classes in the plan.

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