Jun. 5, 2012 (China Knowledge) - Semiconductor Manufacturing International Corp or SMIC<0981
>, China's largest chipmaker, recently inked a cooperation framework with Beijing
Municipal Commission of Economy and Information Technology and the Management Committee of Beijing
Economic and Technical Development Zone to set up two 12-inch integrated circuits production lines in Beijing E-Town
with a total investment of US$7.2 billion.
According to the agreement, these two new production lines will focus on the production of 28 to 45 nanometer integrated circuits. After the completion of the production lines it can produce 35,000 units of 12 inch wafers per month. The project will be developed in two phase, the first phase will be completed by the end of 2015 with annual sales revenue of US$1.19 billion.
The implementation of SMIC's new project will provide advance test platform for a series of research results such as large-scale integrated circuit manufacturing process, key equipment and material developments, and to provide important support for the industrialization for the industry, said an officer from the Beijing
Municipal Commission of Economy and Information Technology.Beijing E-Town
, a triple-A rated industrial park
, operates an extensive electronic information industry cluster which has attracted many well-known companies such as NOKIA and BOE to settle in. SMIC, the fourth largest chip producer in the world, had set up its wholly-owned subsidiaries company in the area since July, 2002. With a total investment of US$2.55 billion, the company produces 43,000 units of 12 inch wafers per month currently.
The chipmaker said the support and assistance from Beijing
government will further enlarge its manufacturing base in Beijing E-Town
as well as improving its technology to achieve high-level economy of scale.