SMIC signs $7.6B joint venture for wafer production in Beijing

China's Semiconductor Manufacturing International Corp (SMIC) announced it will establish a joint venture company with Beijing Economic-Technological Development Area Management Committee to develop facilities for 12-inch wafer production in Beijing.

“China's Semiconductor Manufacturing International Corp (SMIC) said on Friday it would establish a joint venture company to develop wafer production units in Beijing to bump up its semiconductor output and reduce costs.”globalstocknews.org

• 2 sources
• globalstocknews.orgChipmaker SMIC inks $7.6 billion investment deal for wafer production – Reuters – Global Stock NewsJul 31, 2020
• globalstocknews.orgChipmaker SMIC inks $7.6 billion investment deal for wafer production – Global Stock NewsJul 31, 2020

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