Rumor: SMIC Will Be Acquired By Chartered Semiconductor

January 9, 2008 | Print | Email Email | Comments | Category: Gadgets & Electronics



    One of the new forecasts for the global semiconductor industry in 2008 is that China's Semiconductor Manufacturing International Corporation (SMI) might be acquired by Singapore-based Chartered Semiconductor, the world's fourth largest semiconductor OEM enterprise.

    This is the second time that SMIC has been rumored to be acquired within the last year. In April 2007, it was rumored that three venture capital companies of Kohlberg Kravis Roberts & Co., Bain and General Atlantic might acquire 20%-25% of SMIC's stakes for US$600 million.

    SMIC has not responded to the rumor. The company emphasized that it will never let go of any opportunities for forming a strategic alliance if it will increase the value for its shareholders.

    In late 2007, SMIC signed a licensing agreement with IBM, which licensed IBM's 45-nanometer bulk CMOS technology to SMIC for 300mm wafer foundry service.

    Related Links:


    Recommend this page: 1 Star2 Stars3 Stars4 Stars5 Stars

    Loading ... Loading ...
    Related News:
  • SMIC Introduces Strategic Investors
  • TSMC Accuses SMIC Of Trade Secrets Theft
  • Praxair To Supply New SMIC Wafer Plant In Shanghai
  • SMIC Reaches Accommodation With TSMC
  • Chartered and ZTE Join on IC Manufacturing for Telecom Switches and Routers
  • Praxair China Signs Supply Agreement With SMIC
  • Shanghai Fudan Microelectronics Ramps Production at Chartered
  • SMIC Sets Up Integrated Circuit Encapsulation Testing Factory In Chengdu
  • SMIC CEO Resigns
  • Rumor: SMIC To Sell 20% Stake To Private Equity Fund



    • Leave A Comment:



    Inside ChinaTechNews.com


      Other China News

      China Sourcing News:

      Home Building Chain Closes Another Store In China

      American Internet Retailer Adds Courier Fees In China

      French Optics Company Announces Two China Investment Deals

      Increasing Manufacturing Costs Cause Trouble For Chinese Retailer
      TechSecurityChina.com:

      Inspur International To Sell Chinese E-government Business

      Shareholder Disputes Settled For Chinese Media Firm

      Qihoo 360′s Safebox Software Will Integrate With Uuu9.com

      Apple Suspends iPhone 4S Sales In Retail Stores In China
      ChinaWirelessNews.com:

      ZTE Launches First Tablet In America

      Apple Adopts New iPhone Sales System In Hong Kong

      China Telecom To Launch CDMA-based iPhone 4S

      China Mobile's Call Center In Luoyang Formally Launched

      Visit these other China sites: ChinaRetailNews.com | GreenChinaTech.com | ChinaWirelessNews.com | TechSecurityChina.com | China Sourcing News | China CSR