Semiconductor Manufacturing International Corporation (hereinafter as "SMIC") recently issued a public notice, officially announcing the proposed capital increase of SMIC Southern Semiconductor Manufacturing Co., Ltd. (hereinafter as "SMIC Southern"). SMIC International Holdings Limited, a wholly-owned subsidiary of SMIC, National Semiconductor Industry Investment Fund Co., Ltd. and Shanghai Semiconductor Industry Investment Fund Co., Ltd. will jointly make investment in the aggregate amount of US$3,290,000,000 into SMIC Southern by way of subscribing its newly increased capital, of which US$800,000,000 will be contributed by Shanghai Semiconductor Industry Investment Fund Co., Ltd.
SMIC, with its headquarter in Shanghai, is a company listed on the New York Stock Exchange and the Hong Kong Stock Exchange, and is the largest and most technology-leading semiconductor foundry in Mainland China. Upon consummation of the capital increase and with the support of government industrial funds, SMIC Southern expects to build a large production capacity, speed up the introduction of advanced manufacturing crafts and products, reduce its costs, and thereby achieve sustainable development.
Acting as the legal counsel of Shanghai Semiconductor Industry Investment Fund Co., Ltd. Llinks provided legal services for this transaction.
