Powertech Technology (PTI) has announced plans to inject an additional US$25 million into Powertech Semiconductor (Xian), its subsidiary responsible for backend services for memory vendor Micron Technology.

The additional investment is to participate in the subsidiary's capital increase, according to PTI. The unit began operations in March 2016 followed by volume production in July.

In other news, PTI has reported consolidated revenues of NT$4.14 billion (US$131.5 million) for July 2016, up 6% sequentially and 19.5% on year. PTI's cumulative 2016 revenues through July totaled NT$26.08 billion, rising 12.7% from a year earlier.