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SMIC Announces Resale of 8-Inch Fab to Wuxi Tin Micro-Semiconductor

Sunday,Jun 30,2019

 On June 28, SMIC announced in Hong Kong that it will sell the Italian 8-inch wafer fab to the new buyer Wuxi Tin-made Microchip Semiconductor Co., Ltd. for US$113 million.

 
Previously, the original buyer of SMIC's Italian 8-inch wafer fab was Jiangsu Zhongke Junxin. According to this announcement, the seller (SMIC), the target company, the former buyer (Jiangsu Zhongke Junxin) and the new buyer (Wuxi Tin) reached a transfer agreement on June 27.
 
Wuxi Tin Microchip is a semiconductor company jointly established by Taiji Industrial Co., Ltd., Wuxi Industry Group, Wuxi Weifu Hi-Tech, Wuxi Spark, and Chuxin Semiconductor. It was established in July 2010 with a registered capital of 2.11 billion yuan. The legal representative of the tin core of tin is Ye Tianchun. It is understood that Ye Tianchun is the director of the Institute of Microelectronics of the Chinese Academy of Sciences and the backbone of the national "seventh five-year" to "fifteen" research, climbing plan, 863, 973, Chinese Academy of Sciences knowledge innovation project.

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