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00981 SMIC
RTNominal down19.020 -0.460 (-2.361%)

03/09/2021 12:12

SMIC (00981) to set up JV for production

[ET Net News Agency, 3 September 2021] Semiconductor Manufacturing International
Corporation (00981) said the company and China (Shanghai) Pilot Free Trade Zone Lin-Gang
Special Area Administration (Lin-Gang FTZ Administration) had entered into the
cooperation framework agreement.
The company and Lin-Gang FTZ Administration intend to jointly establish a joint venture
company. The JV will plan to set up a production line with a production capacity of
100,000 12-inch wafer per month, focusing on the production of integrated circuit (IC)
foundry and technology services on process nodes for 28 nanometre and above.
The investment for the project will be approximately US$8.87 billion, and the registered
capital of the JV will be US$5.5 billion, of which the company proposes to contribute no
less than 51% and an investment entity designated by Shanghai Municipal People's
Government will contribute no more than 25%. (RC)

Remark: Real time quote last updated: 25/01/2022 16:21
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