DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
May 20, 2019 
Main Menu
News archives

Who's Online
There are currently 83 people online.


Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset

Follow us

SMIC forms joint venture for 28nm production

Posted on Tuesday, June 04 2013 @ 19:57:08 CEST by

EE Times reports Chinese foundry SMIC has formed a joint venture for the production of 28nm chips. The firm closed a deal with state-owned Beijing Industrial Development Investment Management Corp:
SMIC and its subsidiary SMIC Beijing are entering into the joint venture with Beijing Industrial Development Investment Management Corp. (BIDIMC) and Zhongguancun Development Group (ZDG). SMIC will be responsible for managing the daily operations of the joint venture called Northern SMIC Semiconductor Manufacturing (Beijing) Co. Ltd., according to reports.
BIDIMC is a state-owned company with all its capital contributed by Beijing State-owned Assets Management Co., Ltd. ZDG represents the Zhongguancun Science Park in Beijing. The total investment for Northern SMIC is estimated to be $3.59 billion with an initial capitalization of $1.2 billion contributed by the parties in the form of registered capital. Of the initial funding SMIC and SMIC Beijing have agreed to contribute $660 million or 55 percent and ZDG and BIDIMC are set to contribute 45 percent or $540 million. The remaining money is to be funded through loans, further funding and cash flow, SMIC said.



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba