Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (7150)	9/14/2003 3:29:44 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

China's SMIC raises $630 million in funding Silicon Strategies 09/14/2003, 3:00 AM ET SHANGHAI, China -- Chinese silicon foundry startup Semiconductor Manufacturing International Corp. (SMIC) today (Sept. 13, 2003) 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 (Hong Kong). 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.