Online information source for semiconductor professionals
SMIC in advanced negotiations with strategic investor
Popular articles
Voltaix names Peter Smith as CEO - 09 November 2011
Sematech Litho Forum: Sematech mulling multi-beam mask writer effort - 12 May 2010
TSMC hosts 2008 Green Forum on ‘green’ factories - 31 October 2008
Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008
TSMC honors suppliers at annual Supply Chain Management Forum - 03 December 2008
SMIC has said that it is in advanced negotiations with an
unidentified strategic investor that could purchase a major share in
the China-based foundry. Negotiations are currently ongoing. SMIC also
said that certain members of the management of the Company may be
interested in purchasing shares of the Company in the open market if
appropriate conditions exist.
Interest in the company was seen last year when several private equity funds that included Kohlberg Kravis Roberts, Bain Capital and General Atlantic were thought to belooking at a buyout of the company.