# SMIC acquires 70% stake in LFoundry for EUR49 million

SMIC acquired a 70% stake in LFoundry, an 8-inch foundry producing 40,000 wafers monthly, for EUR49 million (US$54.5 million).

- Type: Acquisition
- Announced: 2016-01-01
- Where: Italy
- Value: $54.5M (49.0M EUR)
- Status: completed
- Capacity: 40,000 wafers per month
- Products: 8-inch wafers for automotive, security, industrial
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Semiconductor Manufacturing International Corporation](https://endata.com/companies/19550.md) (acquirer)
- [LFoundry](https://endata.com/companies/20369.md) (target)

## Sources

- [semiwiki.com](https://semiwiki.com/forum/threads/smic-expanding-28nm-volume-in-4q2016-14nm-planned-in-2018.8705/), 2016-12-02: "earlier in 2016 SMIC acquired a 70% stake in LFoundry for EUR49 million (US$54.5 million)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.