Japan’s SMBC launches new finance scheme for semiconductor industry
SMBC will structure loans based on valuations made by two firms.
Sumitomo Mitsui Banking Corporation (SMBC) has launched a new finance scheme for supporting capital investment in the semiconductor manufacturing equipment industry.
SMBC will structure financing based on valuations made by the SMFL MIRAI Partners Company (SMFL MP) and Golden Brothers Japan, a company in the movable property business, according to a press release posted on the SMBC website.
SMFL MIRAI Partners Company (SMFL MP) will use its expertise in the valuation of semiconductor manufacturing equipment, collaborating with Gordon Brothers Japan to conduct valuations of semiconductor manufacturing equipment.
The scheme had been applied to a loan agreement concluded in September 2024 between Kioxia Holdings Corporation and Kioxia Corporation, and a syndicate of banks including SMBC.