China's flagship semiconductor fabrication company Semiconductor Manufacturing International Corporation (SMIC) has applied for a listing on the Sci-Tech innovation board (STAR Market) and the Shanghai Stock Exchange has begun processing its application.
SMIC intends to publicly offer not more than 1.69 billion ordinary shares, not more than 25% of the total number of shares after the initial issue, to the public and plans to raise 20 billion RMB.
The net amount of the actual fund raised after deducting the issuance cost is planned to be invested in three projects:
12-inch chip SN1 project (investment amount of 8 billion yuan, proposed capital input accounted for 40%);
Advanced and mature technology research and development project reserve fund (investment amount of 4 billion yuan, proposed capital input accounted for 20%);
Supplementary working capital (investment amount of 8 billion yuan, proposed capital input accounted for 40%).
SMIC's southern plant has been established and has a large production capacity with a focus on processes and manufacturing technologies of 14nm and below.
SMIC's Southern facility has reached capacity of 6,000 14nm wafers per month and aims to reach capacity of 35,000 14nm wafers and below per month.
The Huawei Kirin 710A is now in commercial mass production and comes pre-installed with the Pride Play4T.
"The Kirin 710A is a 14nm process with a main frequency of 2.0GHz, which is the downgraded version of the previous Kirin 710, and is manufactured on behalf of SMIC.
The "Kirin 710A" represents a breakthrough in achieving zero localization, and is an ice-breaking move in China's semiconductor chip technology.
SMIC is headquartered in Shanghai and has a global manufacturing and service base.
It has a 300mm wafer fab and a 200mm wafer fab in Shanghai and a holding 300mm advanced process wafer fab; a 300mm wafer fab and a holding 300mm advanced process wafer fab in Beijing; a 200mm wafer fab in Tianjin and Shenzhen; and a holding 300mm bumps processing joint venture in Jiangyin.
SMIC's 2019 revenue was approximately $3.116 billion, with a gross margin of 20.6%; net profit attributable was approximately $235 million, and profit before tax, interest, depreciation and amortization was $1.37 billion, a record high.
