SMICY - Semiconductor Manufacturing to invest $7.5B for production line in Tianjin
- Semiconductor Manufacturing International Corp ( OTCQX:SMICY ) said Friday it inked a framework deal for a 12-inch wafer production line in Tianjin, China.
- SMICY plans to invest $7.5B in the production line and will set up a production-oriented independent firm in Xiqing Development Area, which will have registered capital of $5B.
- The company plans to set up the production line in the XEDA Sci-Tech Park in Xiqing Development Area.
- The production line will have a production capacity of 100K 12-inch wafer per month.
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Semiconductor Manufacturing to invest $7.5B for production line in Tianjin