Semiconductor Manufacturing International Company (“SMIC”, NYSE: SMI; SEHK: 981) participated in the Signing Ceremony of Contracts and Agreements between U.S. and Chinese Companies and the U.S.-China Hi-Tech Cooperation Forum held in San Francisco, California.
The event, which was presented by the U.S. Information Technology Office (USITO) and the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME), embodies the progression of U.S. – China trade relations. The program of events included a signing ceremony between various US and Chinese Companies from the high-tech industry and remarks given by representatives of the People’s Republic of China’s Ministry of Commerce, the City of San Francisco, the China Consulate of San Francisco, CCCME, USITO, and the State of California as well as the Hi-Tech Cooperation Forum. The forum also included presentations by the participating signing companies from the U.S. and China – including SMIC.
As part of the Ceremony, SMIC signed six LOIs (Letters of Intent) outlining plans to purchase semiconductor manufacturing equipment from top American equipment vendors. The LOIs are with several vendors, including Applied Materials, Axcelis, KLA-Tencor, Lam Research, Novellus and Varian Semiconductor (in alphabetic order), and total US $1.86 billion over three-year periods. Sam T. Wang, President of SMIC Americas, was also scheduled to give a brief presentation on behalf of SMIC. “As part of the world?s semiconductor community, SMIC is proud to serve as an “ambassador” of economic relations between the US and China for this ceremonial event. We believe that the US and China’s trade relation is critical to the development of the high-tech industry and to global trade as a whole. We are currently at a crucial point in the world-wide development of the semiconductor industry and we are happy to aid in this growth,” says Mr. Wang.
SMIC (NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit (IC) manufacturing service at 0.35 micron to 90 nanometer and finer line technologies. Headquartered in Shanghai, China, SMIC operates three 200mm fabs in Shanghai and one in Tianjin, and one 300mm fab in Beijing, the first of its kind in Mainland China. SMIC has customer service and marketing offices in the U.S., Italy, and Japan as well as a representative office in Hong Kong.