More Asian wafers
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Manufacturing News, Source : TheManufacturer.com
Published : 15 Sep 2003 15:33
China's largest semiconductor manufacturer, Semiconductor Manufacturing International Corporation (SMIC), is about to get bigger.
The company announced last Friday its intention to expand three of its fabrication labs in Shanghai as well as build a new facility in Beijing. According to executives, SMICˇ's operations in Shanghai have reached a capacity of more than 40,000 wafers per month.
SMIC raised approximately US$630 million through the issuance of Series C Preference Shares in order to finance the development. Existing shareholders participating in this financing include Shanghai Industrial Holdings Limited, H&Q Asia Pacific Limited, Walden International, Temasek, and a Singapore consortium led by Vertex Management. New investors in SMIC are comprised of well-known venture capital firms such as New Enterprise Associates (NEA) and Oak Investment Partners, Beida Microelectronics Investment Ltd. (Hong Kong), as well as strategic investors.
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