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Company news
SMEC Signs a Joint Venture Agreement
2018-03-01
 
     Shaoxing, March 1st, 2018| PR Newswire | -- SMIC, Shaoxing Municipal People’s Government and Shengyang Group jointly invested in the establishment of Semiconductor Manufacturing Electronics (ShaoXing) Corporation (preparatory) on March 1st,2018, marking the official landing of SMIC's micro-electromechanical and power device industrialization projects in Shaoxing. Mr. Ma Weiguang, the Secretary of CPC Shaoxing Committee, Mr. Sheng Yuechun, the Acting Mayor, and Mr. Zhong Hongjiang, the Member of the Standing Committee and the Secretary General of CPC Shaoxing Committee attended the signing ceremony, co-participated with Dr. Zhou Zixue, SMIC’s Chairman of the Board, Dr. Gao Yonggang, SMIC’s Chief Financial Officer, Ge Hong, Senior Vice President of the Strategic Development Center of SMIC and other guests.

      With the advent of the intelligent society, the market of artificial intelligence, 5G communication, Internet of Things, vehicle, industrial control and other application fields is booming. Microelectromechanical systems based on special processes are one of the cores of intelligence, but advanced microelectromechanical systems and power device chip manufacturing bases are still weak links in the domestic industrial chain. The total investment of the contracted joint venture project is 5.88 billion yuan, which will be oriented to the field of microelectromechanical and power device integrated circuits, focusing on the foundry of wafers and modules. The project will have continuous investment in R & D and commitment to industrialization. It is planned to build and form a comprehensive characteristic craft base and quickly occupy the leading position in the domestic market.

     SMIC’s Chairman of the Board, Dr. Zhou Zixue, said in his speech, "SMIC has been working hard in the field of micro-electromechanical and power device characteristics for nearly 10 years. Working together with Shaoxing to make this project bigger and better is in line with SMIC's strategic goal of building an advanced manufacturing cluster in the Yangtze River Delta. We have faith to build a leading domestic and world-class semiconductor company with special characteristics. "

     “In the 1980s, Shaoxing was one of China's major IC manufacturing centers. After a lapse of 40 years, with the smooth implementation of this project, it will help accelerate the transformation and upgrading of ‘Shaoxing Manufacturing’ to ‘Shaoxing Smart Manufacturing’. At the same time, taking the opportunity of cooperation with SMIC, we will work hard to build a characteristic integrated circuit process industry cluster in Shaoxing, and will also make our own efforts and contributions for China's intelligent manufacturing.” said Mr. Ma Weiguang, the Secretary of CPC Shaoxing Committee.
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