Dec 04, 2020 08:53 PM (GMT+8) · EqualOcean
SMIC announced that SMIC holdings, National IC Fund II and Yizhuang Guotou have signed a joint venture contract to jointly establish a joint venture. The registered capital of the joint venture is US $5 billion. SMIC holdings, national integrated circuit Fund II and Yizhuang Guotou agreed to contribute US $2.55 billion, US $1224.5 billion and US $1225.5 billion respectively, accounting for 51%, 24.49% and 24.51% of the registered capital of the joint venture, respectively. The business scope of the joint venture includes the production of 12 inch integrated circuit wafers and IC package series, technical testing, etc.

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