May 31, 2006 – China’s flagship foundry Semiconductor Manufacturing
International Corp. (SMIC) said its wholly owned subsidiary in Tianjin has entered into a $300 million loan facility with a group of Chinese banks, to help expand its 200mm fab in Tianjin. SMIC CEO Richard Chang noted that the loan was double the original $150 million target amount. In addition to the Tianjin site, the foundry has three 200mm fabs in Shanghai and a 300mm fab in Beijing.
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