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Rumor: SMIC Lands Private Equity Investment

Sina Tech, 5/19/08

A source says that chip manufacturer Semiconductor Manufacturing International Corporation (SMIC) (NYSE: SMI, 0981.HK) has successfully attracted a major American private equity fund to make a strategic investment of USD 600 mln in exchange for more than a 20% share of SMIC stock. The agreement will be signed in late June, at the earliest.

Keywords: funding 0981.HK hardware semiconductor SMI SMIC

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