BEIJING, June 22, 2016 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, announces that the Snapdragon™ 425 processor and MDM9x07 has passed customer qualification and begun mass production in Beijing, after the successful technology transfer from SMIC's Shanghai 12-inch fab to SMIC's majority owned joint venture fab in Beijing. The successful production of 28nm Snapdragon™ products in Beijing represents an important step for SMIC's 28nm technology.
This achievement is a result of close collaboration between Qualcomm and SMIC's Beijing and Shanghai teams. SMIC's successful 28nm production demonstrates its continued leadership in Mainland China and enhanced global competitiveness in advanced node technology.
The Qualcomm Snapdragon™ 425 processor is redefining the entry-point of mid-tier processors. With 802.11ac Wi-Fi, a 64-bit CPU, and a 16 megapixel dual image sensor processor, the Snapdragon 425 is making cutting-edge experiences more accessible with advanced computing, smooth graphics and remarkable camera quality. SMIC's Beijing fab is located in the Beijing Economic Development Zone and is capable of manufacturing 28nm and above process technology nodes.
"The successful mass production of Snapdragon™ 28nm in the Beijing fab represents a major achievement for SMIC in expanding our production at 28nm," said Dr. Haijun Zhao, Chief Operating Officer and Executive Vice President of SMIC. "Through parallel production of 28nm at both Shanghai and Beijing fabs, SMIC is able to expand our 28nm services to Qualcomm and global customers and to continue our progress in advanced node technology production."
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 and a majority owned 300mm fab under development for advance nodes in Beijing; and 200mm fabs 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.
Safe Harbor Statements
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements under "Second Quarter 2016 Guidance", "CapEx Summary" and the statements contained in the quotes of our CEO regarding our target for sustained profit, our revenue growth, continued demand strength and high utilization and our strategy to capture growth opportunities brought by specific markets and products are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "expect," "project," "target" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with the cyclical nature of the semiconductor industry, changes in demand for our products, competition in our markets, our reliance on a small number of customers, orders or judgments from pending litigation, intensive intellectual property lawsuits in semiconductor industry, financial stability in end markets, general economic conditions and fluctuations in currency exchange rates.
Investors should consider the information contained in SMIC's filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on 20-F filed with the SEC on April 25, 2016, especially the consolidated financial statements, and such other documents that SMIC may file with the SEC or The Hong Kong Stock Exchange Limited ("SEHK") from time to time, including current reports on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on SMIC's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as may be required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.
SMIC Media Contact:
Tel: +86-21-3861-0000 x16812
SMIC Investor Contact:
Tel: +86-21-3861-0000 x 12804
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/smic-commences-successful-mass-production-of-qualcommr-snapdragontm-425-processor-in-beijing-300288384.html
SOURCE Semiconductor Manufacturing International Corporation