SMIC Holdings, National Integrated Circuit Fund II and Yizhuang State Investment jointly set up a joint venture

SMM: on the evening of December 4, SMIC issued an announcement that the company's wholly owned subsidiary SMIC Holdings, the national integrated circuit investment fund II and Yizhuang Guotou signed a joint venture contract to jointly establish a joint venture. The registered capital of the joint venture is US $5 billion, and SMIC, the national integrated circuit fund II and Yizhuang State Investment have each agreed to contribute US $2.55 billion, US $1.2245 billion and US $1.2255 billion, accounting for 51 per cent, 24.49 per cent and 24.51 per cent of the registered capital of the joint venture, respectively. The business scope of the joint venture includes the production of 12-inch integrated circuit wafers and integrated circuit packaging series; technical testing; integrated circuit related technology development, technical services and design services; sales of self-produced products (for projects subject to examination and approval in accordance with relevant laws, business activities will be carried out in accordance with the contents approved by the relevant authorities) (subject to the final approval and filing of the market regulatory authorities).