SMIC Announces New Joint Venture and Capital Injection Agreement for SMSC
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Semiconductor Manufacturing International Corporation (SMIC) has announced a new joint venture and capital injection agreement for its subsidiary, Semiconductor Manufacturing South China Corporation (SMSC). This agreement increases SMSC's registered capital from US$3.5 billion to US$6.5 billion, with ownership interests held by various funds. The latest agreements provide updated terms for the joint venture and capital injection among the involved parties.
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