English
SMIC revamps fab deals, confirms capital infusion
Mark LaPedus, EETimes
8/11/2010 2:17 PM EDT
SAN JOSE, Calif. – Chinese foundry provider Semiconductor Manufacturing International Corp. (SMIC) has revised the business model for its fab arrangements in Chengdu and Wuhan.
Previously, the fabs in Chengdu and Wuhan had their own sales efforts. Now, SMIC will assume the direct sales responsibilities for those two fabs in China.
The move could pave the way for the eventual sale of those fabs. At the same time, SMIC confirmed that it plans to obtain a $100 million capital injection from one of its investors, China’s Datang Telecom. Reports have been circulating about the cash infusion from Datang for some time.
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