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SMIC obtains nearly $750M investment

Posted: 28 Jan 2016 ?? ?Print Version ?Bookmark and Share

Keywords:SMIC? TSMC? Samsung? Globalfoundries? foundry?

According to a Moody's Investors Service report, the Shanghai Integrated Circuit Investment Fund (SICIF) has revealed its plan to put in roughly $3 billion in Semiconductor Manufacturing International Corp. (SMIC) and two other Shanghai-based chip manufacturers.

Although the funds are to be split between three manufacturers, Moody's expects SMIC to get at least one quarter or about $750 million.

Moody's sees the announcement as positive for SMIC, which is China's leading chip foundry but one that is struggling to get close enough to the leading-edge to trouble market leaders such as TSMC, Samsung and Globalfoundries.

In 2015 SMIC invested about about $1.5 billion and was the beneficiary of a $400 million investment by the nationally organised China Integrated Circuit Industry Investment Fund.

The CICIIF is a national fund established in September 2014 to support the growth of the IC industry in China. SICIF was created in 2015 as about $7.5 billion "small fund" to support IC design, manufacturing, materials and equipment development as part of China's national "big fund" plan.

The funding will be welcome and could help SMIC's migration to offering 28nm, which is expected to be a workhorse node at a time when TSMC is thought to be about to construct a 300mm wafer fab in China.

- Peter Clarke
??EE Times

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