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Fund Holds Key to Wafer Fabrication Project in Thailand.
Byline: Busrin Treerapongpichit
Apr. 2--The fate of Submicron Technologies' wafer fabrication project is in the hands of Cerberus Capital Management, a US mutual investment fund, says Industry Minister Suriya Juengrungruangkij.
Mr Suriya insisted that the government would not invest in the wafer project because of budget constraints. The best way to revive the project, he suggested, was for Submicron chief executive Charn Uswachoke to negotiate directly with Cerberus, the prospective co-investor.
"This is a private project so the private sector has to go ahead with it alone," he said yesterday, adding that the government could help by speeding ...
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