NINGBO, China, Nov. 23, 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, announced the official inauguration of Ningbo Semiconductor International Corporation, "NSI". On the afternoon of November 19th, Dr. Zixue Zhou, the Chairman of SMIC, Dr. Tzu-Yin Chiu, the CEO and Executive Director of SMIC, Hongyi Yu, the Deputy Secretary of the Ningbo Municipal Committee, Zhongchao Chen, the Vice Mayor of Ningbo, and other officials attended the inauguration ceremony together with guests from the IC industry.
NSI is jointly established by China IC Capital (a wholly owned investment fund of SMIC), Ningbo Senson Electronics, and Hua Capital. Through acquisition, adoption, enhancement and development of intellectual property and technology, NSI will develop analog and specialty semiconductor technology platforms in the areas of high-voltage analog, radio frequency, and optoelectronics. These developments will support customers in IC design and product development for applications in smart home, industrial, and automotive electronics, new generations of radio communications, AR/VR/MR, and other specialty systems.
The Chairman of SMIC, Dr. Zixue Zhou, said: "High-voltage analog, radio frequency and other specialty semiconductor technologies are not only widely adopted by China's everyday consumers, but are also indispensable and important to the IC industry. Ningbo has unique geographical and economic advantages as well as a robust industrial environment. The establishment of NSI will help SMIC to expand its business in this field and strategically enhance the cooperation throughout China's IC ecosystem."
The Vice Mayor of Ningbo Zhongchao Chen said: "The IC industry is one of the key areas of focus for the city of Ningbo at the current period. We are pleased by the establishment of NSI and expect to achieve a win-win situation through our full cooperation."
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 on process nodes from 0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international manufacturing and service base. In 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 for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab. 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.
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