Monday, September 15, 2003
Chinese silicon foundry startup Semiconductor Manufacturing International Corp. (SMIC) announced it has raised $630 million in funding through the issuance of Series C preference shares.
Existing shareholders participating in this financing include Shanghai Industrial Holdings, H&Q Asia Pacific, Walden International, Temasek, and a Singapore consortium led by Vertex Management. New investors in SMIC include New Enterprise Associates, Oak Investment Partners, and Beida Microelectronics Investment.
SMIC's 8-inch fab facilities in Shanghai have reached a capacity of more than 40,000 wafers per month. Capital raised from the issuance of Series C Preference Shares will be used for the expansion of the three fabs in Shanghai as well as the development of the new 300-mm facility in Beijing.
By: DocMemory
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