SMIC, Big Fund II and Yizhuang State Investment jointly invested and SMIC Beijing was established

According to Qichacha, on December 7, SMIC Beijing Integrated Circuit Manufacturing (Beijing) Co., Ltd. ("SMIC Beijing") was established with Jiang Lei as the legal representative and a registered capital of US$500 million. Its business scope includes: manufacturing 12-inch integrated circuit wafers and integrated circuit packaging series; technical testing; technical development, technical services, and design services related to integrated circuits; and sales of self-produced products.

It is worth noting that the shareholders of SMIC Beijing include: Semiconductor Manufacturing International Corporation, Beijing Yizhuang International Investment Development Co., Ltd., and National Integrated Circuit Industry Investment Fund II Co., Ltd.

Image source: Qichacha

Image source: Qichacha

On December 4, SMIC announced that SMIC Holdings, National Integrated Circuit Fund II and Yizhuang State Investment signed a joint venture contract to jointly establish a joint venture. The registered capital of the joint venture is US$5 billion. SMIC Holdings, National Integrated Circuit Fund II and Yizhuang State Investment agreed to invest US$2.55 billion, US$1.2245 billion and US$1.2255 billion respectively, accounting for 51%, 24.49% and 24.51% of the registered capital of the joint venture respectively.

According to the announcement at the time, the joint venture was developed and operated by SMIC, with a total investment of US$7.6 billion and a registered capital of US$5 billion. The business scope of the joint venture includes the production of 12-inch integrated circuit wafers and integrated circuit packaging series; technical testing; integrated circuit related technology development, technical services and design services; and sales of self-produced products.

In addition, the announcement also shows that the joint venture refers to SMIC Beijing Integrated Circuit Manufacturing (Beijing) Co., Ltd., a limited liability company to be established in China in accordance with the joint venture contract as a non-wholly owned subsidiary of SMIC.