Fri, Jun. 24, 11:27 AM
- Semiconductor Manufacturing International Corp. (SMI -2.4%) acquires a 70% stake in Avezzano, Italy-based LFoundry for €49M. After the transaction, current owners LFoundry Europe GmbH and Marsica Innovation S.p.A. will each own 15%.
- The deal will boost SMIC's overall capacity from 302.6K 8-inch wafers per month to 342.6K per month.
- LFoundry focuses on automotive, security and industrial-related applications including CIS, smart power, touch display driver ICs and embedded memory.
- Management will host a conference call on Monday, June 27 at 8:30 am Shanghai time (Sunday, June 26 at 8:30 pm ET) to discuss the deal.
Semiconductor Manufacturing International Corp. is an investment holding company. The company through its subsidiaries engages in computer-aided design, manufacturing, testing, packaging, and trading of integrated circuits and other semiconductor services, as well as designing and manufacturing... More
Industry: Semiconductor - Integrated Circuits
Country: Hong Kong