Semiconductor Manufacturing International Corporation
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| Type | Public (NYSE: SMI, SEHK: 0981) |
|---|---|
| Founded | 2000[1] |
| Founder(s) | Dr. Richard Chang |
| Headquarters |  ChinaShanghai, China (incorporated in Cayman Islands) |
| Key people | Dr. David N.K. Wang, CEO |
| Industry | Semiconductor |
| Revenue | ▼ US$1.35 billion (2008)[1] |
| Employees | 10,598 (2008)[1] |
| Website | smics.com |
Semiconductor Manufacturing International Corporation, (abbrev. SMIC, NYSE: SMI, SEHK: 981) is a semiconductor foundry in mainland China, providing integrated circuit (IC) manufacturing services at 350 nm to 45nm technologies. Incorporated in the Cayman Islands and headquartered in Shanghai, SMIC has wafer fabrication sites throughout China, account management offices in the US, Italy, and Japan, marketing and customer service offices in Taiwan and Israel, and a representative office in Hong Kong.
SMIC was founded by Dr. Richard Chang (Traditional Chinese: 張汝京) in April 2000. SMIC had its IPO in 2004 and has since become the largest and most advanced semiconductor foundry in mainland China. Currently SMIC is best positioned to lead the semiconductor (foundry) market in mainland China. Founder Richard Chang helped transform China and its high tech industry.
Contents |
[edit] Global Presence
[edit] Fabs
- 300mm wafer fabrication facility (fab) and three 200mm wafer fabs in its Shanghai (Mega-fab)
- Two 300mm wafer fabs in its Beijing (Mega-fab)
- 200mm wafer fab in Tianjin
- 200mm wafer fab under construction in Shenzhen
- In-house assembly and testing facility in Chengdu
- 200mm wafer fab in Chengdu owned by Cension Semiconductor Manufacturing Corporation and managed and operated by SMIC
- 300mm wafer fab in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation and managed and operated by SMIC
[edit] Customer Service/Marketing Offices
- Customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong.
[edit] Social Impact
[edit] Local Community
SMIC provides low-cost housing to employees in its Living Quarters (LQ). Surrounding the LQ are many restaurants, grocery stores, and shops, as well as a K-12 school, dental clinic, pharmacy, recreational facility, language training center, and music training center.
[edit] Education
[edit] SMIC Private School
SMIC also owns SMIC Private School. The school's initial purpose was to provide low-cost private education for SMIC employees' children, but is now open to non-SMIC employees. SMIC Private School offers lower-priced tuition than others in Shanghai while still maintaining a quality international school education. SMIC Private School graduates have been accepted to schools such as Princeton University, Columbia University, Dartmouth College, Brown University, UC Berkley, UCLA, Rice University, Amherst College, Williams College, Wellesley College, Middlebury College, Georgetown University, New York University, University of Michigan, University of Texas at Austin, and many others. The school had a finalist, two semi-finalists, and a commended scholar in the National Merit Scholarship Program.
[edit] Employee Continuing Education
The company’s manufacturing assistants (MAs)--often coming from less-developed provinces in Western China--are encouraged to participate in preparatory courses for passing college entrance exams, and, with tuition grants provided by the company, can receive their bachelor’s degrees.
[edit] Remote China
SMIC employee-funded Enyou Foundation partnered with Project Hope to build Hope Schools in remote, poverty-stricken areas of China. SMIC staff and friends have supported Project Hope in many remote areas. Employees helped to build schools in the provinces of Gansu, Yunnan, Guizhou, Sichuan, Qinghai, and Xinjiang. In addition, solar energy installations as well as computers were donated. Many employees also joined the earthquake relief efforts in the aftermath of the 2008 Sichuan earthquake.
SMIC has also been involved in summer programs to bring teachers from rural areas of China to Shanghai to be taught modern teaching skills and methodology.
[edit] Corporate History
[edit] Milestones
- On November 10, 2009, SMIC announced the appointment of Dr. David N.K. Wang as an Executive Director of the Board and the President and CEO.[2]
- In early 2009, Harvard Business School wrote a case study on SMIC's business model, characterized as a Reverse Build-Operate-Transfer (BOT). The case study found that SMIC is executing a strategy that leverages the desires of municipalities in China to build clusters of high technology companies. By partnering with those cities to build new semiconductor fabs that SMIC would then operate under contract, the company could build scale without necessarily confronting immediate large capital outlays. Unlike the Build-Operate-Transfer model that some municipalities were using to build infrastructure like the new subway in Shenzhen, in the SMIC "Reverse BOT model" a municipality would build a capital intensive fab and SMIC would operate it, sharply lowering its capital costs. This model gave the company a unique level of flexibility in an industry where capital costs were the major driver of product costs.[3]
- In October 2007, the United States Government enrolled SMIC in its Validated End User (VEU) program, as a trusted customer of regulated U.S. technology, thereby reducing many of the export control barriers for SMIC.[4]
[edit] End of TSMC v. SMIC Litigation
The company was the target of a lawsuit brought by Taiwan's TSMC, accusing SMIC of misappropriating TSMC intellectual property.[5] The first round of litigation ended in 2005 with $175 million settlement. A second round was opened in 2006. The liability phase of the lawsuit began on September 9, 2009 in Oakland, California[6], and the jury found SMIC liable on 61 out of 65 claims.[7]
SMIC entered into a settlement agreement with TSMC to resolve all pending lawsuits between the parties, including the legal action filed by TSMC in California for which a verdict was returned by the jury against SMIC on November 4, 2009 and the legal action filed by SMIC in Beijing. SMIC and TSMC have entered into a settlement agreement on November 9, 2009 to settle and dismiss the California Case, including all claims and defenses of SMIC yet to be decided in that case and SMIC's appeal in the Beijing Case, thus concluding all pending court litigation between the parties.
Key provisions of the settlement include a mutual release of all claims that were or could have been brought in the pending lawsuits; termination of SMIC's obligation to make remaining payments under the prior settlement agreement between the parties (approximately US$40 million); payment to TSMC of an aggregate of US$200 million; and a grant to TSMC of approximately 8% of SMIC's issued share capital and a warrant which would allow TSMC to obtain total ownership of approximately 10% of SMIC's issued share capital.[8]
[edit] External links
- SMIC - official website
- 2008 Annual Report
- Corporate Social Responsibility at SMIC
[edit] References
- ^ a b c "2008 Annual Report". smics.com (SMIC). http://www.smics.com/website/enVersion/IR/2008InterimAnnualReports.htm. Retrieved 2009-11-10.
- ^ "New Management Change at SMIC: Dr. David N.K. Wang as New President and CEO". smics.com (SMIC Press Release). 2009-11-10. http://www.smics.com/website/enVersion/Homepage/popupDetailNews.action?newsId=5140. Retrieved 2009-12-11.
- ^ Shih, Willy (2009-1-6). "Semiconductor Manufacturing International Corporation: Reverse BOT". harvardbusiness.org (Harvard Business Publishing). http://harvardbusiness.org/product/semiconductor-manufacturing-international-corporation-reverse-bot/an/609062-PDF-ENG. Retrieved 2009-10-8.
- ^ LaPedus, Mark (2007-10-19). "U.S. reduces export controls for SMIC". eetimes.com. http://www.eetimes.com/showArticle.jhtml?articleID=202404646&printable=true&printable=true. Retrieved 2009-10-8.
- ^ "For a summary of the litigation, see TSMC v. SMIC, 161 Cal.App. 4th 581, 74 Cal.Rptr.3d 328 (March 27, 2008)". http://www.courtinfo.ca.gov/opinions/archive/A117182.PDF. Retrieved 2009-10-09.
- ^ Lammers, David (2009-9-10). "TSMC vs. SMIC Trial Commences in Oakland". semiconductor.net (Semiconductor International). http://www.semiconductor.net/article/340209-TSMC_vs_SMIC_Trial_Commences_in_Oakland.php. Retrieved 2009-10-9.
- ^ Longstreth, Andrew (2009-11-05). "Jeffrey Chanin of Keker & Van Nest". AmLaw Litigation Daily (Press Release). http://www.law.com/jsp/tal/digestTAL.jsp?id=1202435222112. Retrieved 2009-11-05.
- ^ "SMIC Settles All Pending Lawsuits with TSMC: Anticipates No Disruption to Customers.". smics.com (SMIC Press Release). 2009-11-10. http://www.smics.com/website/enVersion/Homepage/popupDetailNews.action?newsId=5151. Retrieved 2009-12-11.
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