摘要
The Shanghai-based Semiconductor Manu- facturing International Corporation (SMIC) was es- tablished six years ago. Through constant expansion and investment, it has become the third largest contract manufacturers in the world. Although SMIC takes 50% of the contract manufacturing business in China, it still loses money. In the first quarter of 2006, SMIC suffered a loss of US$8.7 million. It will be difficult for the company to make profits in the second quarter. Despite the suffering, SMIC never stops its expansion. On June 28, Richard Chang, the president and CEO of SMIC appeared on a vacant ground in Wuhan with government officials of Hubei Province and Wuhan City. The area will become the first 12-inch fab in Central China by the end of 2007. This is actually SMIC’s second 12-inch fab. Different from SMIC’s previous model, this time Richard Chang invites infrastructure support form the governmentto ease the financial pressure. The facility will be financed by an investment company associated with the Hubei provincial government, Wuhan City government and Wuhan East Lake New Technology Development Zone. The first phase of the project has attracted an investment of RMB10.7 billion (US$1.3 billion). The company, the Wuhan Xinxin Semiconductor Manufac- turing Corp, will own the facility and has engaged SMIC to manage the facility. According to the agreement, SMIC enjoys a priority to purchase the 12-inch production line three to five years later, even without paying any interest. Moreover, SMIC doesn’t need to invest on the project in the early stage. In this way, SMIC is to make a pole jump in its development and expansion for it is free from the financial worries that facility may cause. Richard Chang hopes that such a unique model will build an expressway for SMIC’s development in China.
The Shanghai-based Semiconductor Manu- facturing International Corporation (SMIC) was es- tablished six years ago. Through constant expansion and investment, it has become the third largest contract manufacturers in the world. Although SMIC takes 50% of the contract manufacturing business in China, it still loses money. In the first quarter of 2006, SMIC suffered a loss of US$8.7 million. It will be difficult for the company to make profits in the second quarter. Despite the suffering, SMIC never stops its ...
