SMIC to set up US$250 mn semiconductor fund

The Semiconductor Manufacturing International Corporation, China’s largest integrated circuit foundry, is planning to set up a 1.6-billion-yuan (US$250 million) fund with related parties, focusing on equity investment in semiconductor and related industries, The Paper reported. According to the partnership agreement, China Integrated Circuit Industry Investment Fund Co. will contribute 800 million yuan, SMIC’s wholly-owned subsidiary […]