Letter for Loan Extension Application

Exhibit 10.32(b)

Letter for Loan Extension Application

November 5, 2003

To: ICBC Leshan City Branch

Dear Sirs,

In accordance with Section 3.2 of the loan facility (“Loan Agreement”) entered into on November 17, 2000 between Leshan-Phoenix Semiconductor Company Limited (“Leshan”) and the Industrial and Commercial Bank of China, Leshan hereby requests extensions for the draw-downs under the Loan Agreement, as set forth below. Pursuant to Section 3.2, Xxxxxx requests that the original due date of each draw down be extended by three years. Kindly review and confirm in writing by November 14, 2003 the below loan extensions. All such extensions of maturity shall be on the same terms applied at the time of the original draw-down.

(1) Six loans in dollar with a total of US$16 million (US$ Portion as defined in the Loan Agreement).

Principal		Withdraw Date		Original Due Date		Extension Date
$3.5M		Dec 12, 2000		Dec 12, 2003		Dec 12, 2006
$3M		Dec 13, 2000		Dec 13, 2003		Dec 13, 2006
$3.5M		Dec 20, 2000		Dec 20, 2003		Dec 20, 2006
$2M		Feb 13, 2001		Feb 13, 2004		Feb 13, 2007
$2M		Mar 5, 2001		Mar 5, 2004		Mar 5, 2007
$2M		Mar 8, 2001		Mar 8, 2004		Mar 8, 2007

(2) Five loans in RMB with a total of ¥33.2 million (RMB Portion as defined in the Loan Agreement).

Principal		Withdraw Date		Original Due Date		Extension Date
¥4M		Dec 14, 2000		Dec 14, 2003		Dec 14, 2006
¥10M		Jan 9, 2001		Jan 9, 2004		Jan 9, 2007
¥10M		Feb 13, 2001		Feb 13, 2004		Feb 13, 2007
¥8M		Mar 6, 2001		Mar 6, 2004		Mar 6, 2007
¥1.2M		Mar 13, 2001		Mar 13, 2004		Mar 13, 2007

Yours sincerely,

[In this space, translated from Mandarin, is the following: chop of ICBC Leshan City Branch bank with handwritten date of 11/7/03, the signature of the General Manager, Xx. Xxx Xxxxxx below the statement “agree to extensions.”]						Leshan-Phoenix Semiconductor Co. Ltd.
						/s/    XXXX XXXXX
						Xxxx Xxxxx, Financial Controller