SMIC, China IC Fund, E-Town To Jointly Establish $7.6B Chip Factory

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SMIC announced that it has signed a joint venture agreement with the second phase of China Integrated Circuit Industry Investment Fund and Beijing E-Town International Investment & Development to jointly establish a joint venture SMIC Beijing Integrated Circuit Manufacturing (Beijing) Co., Ltd., with a total investment of US$7.6 billion (approximately RMB50 billion).

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