Establishment of Semiconductor Company by SMIC International Holding

According to the Qi Cha Cha app, Shanghai Xin Sanwei Semiconductor Co., Ltd. was recently established, with Wang Yong as the legal representative. The registered capital is 432 million US dollars, and the business scope includes integrated circuit manufacturing, integrated circuit sales, integrated circuit chip and product manufacturing, as well as integrated circuit chip and product sales. The equity penetration of Qi Cha Cha shows that the company is wholly owned by Semiconductor Manufacturing International Corporation (SMIC).