SMIC's subsidiary may get USD280 mln investment for bumping production line

2015-09-17 10:40

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Semiconductor Manufacturing International Co. (SMIC, SMI.NYSE; 00981.HK), China's largest contract chip maker, National IC Industry Investment Fund and Qualcomm Incorporated jointly announced on Wednesday that they have signed a letter of intent on investing 280 million US dollars in SMIC JCET Semiconductor, a subsidiary of SMIC.

If this round of investment is put in place, it will help SMIC JCET Semiconductor to step up building the 12-inch bumping production line, the first of its kind in China, and thus expand the production scale and complete the country's entire chip production chain.

As the first company engaged in bumping technology of middle silicon wafer processing, the SMIC JCET Semiconductor Co., Ltd was jointly established by SMIC and Changjiang Elec.Tech Co., Ltd. (JCET) in August 2014. It is expected to start mass production in early 2016.

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