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Just now! SMIC sells LFoundry!

Latest update time：2019-03-31
    Reads：

Today, SMIC announced the sale of all its shares in LFoundry. According to the announcement, the buyer of this transaction is Jiangsu Zhongke Junxin Technology Co., Ltd., and the transaction amount is US$112,816,089.


According to the announcement, SMIC acquired 70% of LFoundry, which mainly develops and produces camera chips, in July 2016. In addition, Marsica and ISAR each own 15% of LFoundry.


Jiangsu Zhongke Junxin Technology Co., Ltd. is a Sino-foreign joint venture high-tech enterprise focusing on the research and development of new power electronic chips such as insulated gate bipolar transistors (IGBT) and high-speed rectifier diodes (FRD).


SMIC believes that based on its own operations and overall future development, it has decided to sell the target group. The benefit of this transaction is that it allows the management to focus on the company's future development and obtain positive investment returns from the business investment. The following is the original announcement:





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