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SMIC Reportedly Invests US$430M to Establish New Semiconductor Firm
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Shanghai Xinsanwei Semiconductor (literal translation of "上海芯三維半導體"), a wholly-owned subsidiary of SMIC (00981.HK), was recently established, with Wang Yong being its legal representative and a registered capital of US$432 million, Chinese media quoted information from Qichacha as saying.

The Company's business scope includes the manufacturing and sales of integrated circuits, as well as the manufacturing and sales of integrated circuit chips and products, etc..

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