China's SMIC plans $3.6 billion joint venture in Beijing

Reuters News
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Posted: Jun 03, 2013 12:47 AM
China's SMIC plans $3.6 billion joint venture in Beijing

HONG KONG (Reuters) - Semiconductor Manufacturing International Corp (SMIC) plans to set up a joint venture company in Beijing with total investment of $3.6 billion, it said on Monday.

SMIC said it had entered into the agreement with SMIC Beijing, Beijing Industrial Developing Investment Co Ltd and China's ZDG.

(Reporting by Anne Marie Roantree; Editing by Daniel Magnowski)