SMIC

SMIC renewed a volume purchase agreement with ASML worth $1.2 billion for deep ultraviolet (DUV) lithography systems, valid through December 31, 2021. The deal supports SMIC's capacity expansion for mature technology nodes.

SMIC Shaoxing's Phase 1 8-inch power device and MEMS project has started trial production. The total investment is 5.88 billion yuan, and the project will build an 8-inch chip manufacturing line and a module packaging line.

Jiangsu CAS-IGBT Technology Co., Ltd. agreed to purchase 100% of the shares of LFoundry Srl, a subsidiary of SMIC, for about US$113 million in assets plus US$63 million in loan settlement. The acquisition is expected to be finalized at the end of June 2019.

SMIC held a ceremony to mark the start of moving equipment into an expansion of its 200mm wafer fab in Tianjin, China, which will increase capacity from 45,000 to 150,000 wafer starts per month, making it the world's largest 200mm fab.

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.