Taipei, April 20 (CNA) Nanya Technology Corp., a leading Taiwanese dynamic random access memory (DRAM) chipmaker, announced Tuesday it will spend NT$300 billion (US$10.63 billion) to build a 12-inch wafer plant to produce DRAMs for its own use.

Wu Chia-chau, chairman of Nanya Technology, which is part of the Formosa Plastics Group (FPG), said the advanced wafer plant is scheduled to break ground as early as the end of the year in Taishan District in New Taipei.

Wu said the initial phase of the investment plan will consist of building the wafer plant, expected to be completed in 2023, and starting trial production of 15,000 wafers a month.

The overall plan will be carried out in three phases over the next seven years, with an ultimate production capacity of 45,000 wafers a month.

He said the wafer plant is expected to hire 2,000 employees and create thousands of additional jobs in the DRAM supply chain.