SMIC, Shaoxing Government and Shengyang Group form joint venture for MEMS and power device foundry

SMIC, Shaoxing Government, and Shengyang Group signed a joint venture agreement to establish Semiconductor Manufacturing Electronics (Shaoxing) Corporation, with an investment of ¥5.88 billion RMB, to build a MEMS and power device wafer foundry.

“The investment of this signed joint venture amounts to ¥5.88 Billion RMB.”prnewswire.com

• 1 source
• prnewswire.comSemiconductor Manufacturing Electronics (Shaoxing) Corporation Formally Signed a Joint Venture AgreementSMICMar 1, 2018

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