Rambus DPA Resistant Cryptographic Accelerator Core ChaCha20 – Small
SMIC Receives Investment from China Integrated Circuit Industry Investment Fund
SHANGHAI, Feb. 12, 2015 -- Semiconductor Manufacturing International Corporation ("SMIC", NYSE: SMI; SEHK: 981) China's largest and most advanced semiconductor foundry today announced an investment agreement from China Integrated Circuit Industry Investment Fund Co., Ltd., (CICIIF), the national fund established to promote the IC industry in China. Under the agreement, CICIIF will acquire 4.7 billion new shares at a subscription price of 0.6593 HKD per share.
The gross proceeds will be used for SMIC's capital expenditure, debt repayment and general corporate purposes. Under the agreement CICIIF is entitled to nominate one member to SMIC's board of directors.
CICIIF was established in September 2014 to support the growth of the IC industry and enable the integration of the IC supply chain's ecosystem in China.
"We are happy to receive CICIIF's recognition and investment. This shows SMIC's important role in the China semiconductor ecosystem," said Dr. Tzu-Yin Chiu, Chief Executive Officer and Executive Director of SMIC. "Partnering with CICIIF further supports SMIC's long term goals of gaining a stronger foothold in China and playing a more important role in the global IC market."
The agreement between SMIC and CICIIF is subject to customary conditions and regulatory approvals.
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China. SMIC provides integrated circuit (IC) foundry and technology services at 0.35-micron to 28-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab in Beijing and a majority owned 300mm fab for advance nodes under development; and a 200mm fab in Tianjin and Shenzhen. SMIC also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong. For more information, please visit www.smics.com.
|
SMIC Hot IP
Related News
- Sankalp Semiconductor receives investment from Stakeboat Capital Fund
- SMIC and Brite Semiconductor Collaborate to Provide Integrated IC Design and Manufacturing Services
- China's Semiconductor Progress to Be Impacted Once Again as SMIC Becomes Sanctioned by U.S. Department of Defense, Says TrendForce
- China's Semiconductor Industry to Brace for Impact as SMIC Assesses Export Restrictions Placed by U.S., Says TrendForce
- FlexIC Foundry enables custom flexible integrated circuit design
Breaking News
- Verisilicon High-Performance and High-Quality AI Video Processor Powers Leading Datacenters
- Metrics Announces an EDA as a Service Partnership Program with Semiconductor Intellectual Property Vendors
- Alphawave IP and Verisilicon Expand Partnership with $54M Multi-Year Exclusive Subscription Reseller Agreement for China Market
- BrainChip Inc. and NaNose Medical Successfully Detect COVID-19 in Exhaled Breath with Fast High-Accuracy Results
- TSMC Ranks in Top-10 For Capacity in Three Wafer Size Categories
Most Popular
- Alphawave IP and Verisilicon Expand Partnership with $54M Multi-Year Exclusive Subscription Reseller Agreement for China Market
- North American Semiconductor Equipment Industry Posts January 2021 Billings, Topping $3 Billion for First Time
- BrainChip Inc. and NaNose Medical Successfully Detect COVID-19 in Exhaled Breath with Fast High-Accuracy Results
- Synopsys Delivers Breakthrough Performance with New ZeBu Empower Emulation System for Hardware-Software Power Verification
- TSMC Ranks in Top-10 For Capacity in Three Wafer Size Categories
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |