It apparently spend around $550 million on research and development, or about 16 percent of sales. In 2018, SMIC had gross profits of $747 million and net profits of $149, with $3.6 billion in revenues.
These developments will support customers in IC design and product development for applications in smart home, industrial, and automotive electronics, new generations of radio communications, augmented reality, virtual reality, mixed reality, and other specialty systems. NSI will develop analog and specialty semiconductor process technology platforms in the areas of high-voltage analog, radio frequency, and optoelectronics. SMIC holds 66.76% of the ownership interest.
On October 14, 2016, Ningbo Semiconductor International Corporation was jointly established by China IC Capital (the wholly owned investment fund of SMIC), Ningbo Senson Electronics Technology Co., Ltd, and Beijing Integrated Circuit Design and Testing Fund with a registered capital of RMB355 million, equal to US$52.8 million. The acquisition was completed as of July 29, 2016. for an aggregate cash consideration of EUR49 million subject to adjustment. LFoundry Europe and Marsica entered into a sale and purchase agreement pursuant to which LFoundry Europe and Marsica agreed to sell and SMIC agreed to purchase 70% of the corporate capital of LFoundry S.r.l. The focus of the joint venture company is on developing 14 nm logic technology. SMIC Advanced Technology R&D (Shanghai) Corporation is majority owned by SMIC, while Huawei, IMEC, and Qualcomm are minority shareholders. The joint venture company's focus was to be the R&D for the next generation CMOS logic technology and was designed to build China's most advanced integrated circuit (IC) development R&D platform. Ltd., IMEC International, and SMIC announced the formation of the SMIC Advanced Technology Research & Development (Shanghai) Corporation, an equity joint venture company. On June 23, 2015, Huawei, Qualcomm Global Trading Pte. On June 18, 2015, according to the co-investment agreement, SilTech Shanghai invested US$102 million as a capital contribution for 19.6% ownership interest in Changjiang Xinke, a company incorporated in Jiangsu province, China, which is accounted as an associate of the Group. On December 22, 2014, SilTech Shanghai, one of SMIC's indirectly wholly owned subsidiaries JCET and China IC Fund entered into a co-investment agreement to form a consortium regarding the proposed acquisition of STATS ChipPAC, a provider of advanced semiconductor packaging and test services incorporated in Singapore, shares of which were listed on the Singapore Exchange Securities Trading Limited before the acquisition. In 2013, it established a joint venture in Beijing to fabricate using 40 nm and below technologies. Its origins reversed a common pattern in Chinese development of government building, operating, then transferring industrial projects, such that SMIC operated the company, but the capital costs were borne by municipal government, relieving SMIC of the major cost of its fab plants. It was incorporated in the Cayman Islands as a limited liability company. SMIC was founded on April 3, 2000, and is headquartered in Shanghai. ( September 2020) ( Learn how and when to remove this template message) Unsourced material may be challenged and removed. Please help improve this article by adding citations to reliable sources. This section needs additional citations for verification.
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