SMIC Attains Validated End-User Status from U.S. Government
October 19 2007 - 1:03AM
PR Newswire (US)
SHANGHAI, China, Oct. 19 /Xinhua-PRNewswire/ -- Semiconductor
Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK:
0981.HK), one of the leading foundries in the world today,
announced that the U.S. export control agencies have named SMIC in
their initial list of trusted customers in the "Validated End-User"
program (VEU). Administered by the U.S. Commerce Department, VEU
will facilitate U.S. exports to China by removing licensing
requirements on approved dual-use equipment and materials to
approved facilities in China. SMIC is one of only five companies in
the world to receive VEU status. With a track record of transparent
commercial use of U.S.-controlled technology, SMIC now can receive
and use approved U.S. equipment and materials without the delays
and costs associated with traditional export licensing. Moreover,
unlike traditional licensing, this VEU authorization applies across
sites (to all facilities included in SMIC's VEU application,
including Cension in Chengdu), extends to all technology nodes
included in SMIC's VEU application, and has no expiration date.
Matthew Szymanski, Vice President for Corporate Relations and
Manager of Export Compliance for SMIC, said, "SMIC is happy to be
among the first trusted customers in this program. VEU will further
enhance our ability to buy leading edge equipment and supplies from
the U.S., and advance our technological capabilities. VEU should
assist our long-term planning because it removes licensing
uncertainties for all facilities that we own or operate, currently
including Cension in Chengdu and, we anticipate, WXIC in Wuhan
(when it is mature enough to qualify). In the big picture, the VEU
program should simplify the sale of U.S. equipment and supplies to
China, contributing toward more balanced U.S.-China trade." About
SMIC Semiconductor Manufacturing International Corporation ("SMIC";
NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries
in the world and the largest and most advanced foundry in Mainland
China, providing integrated circuit (IC) manufacturing service at
0.35um to 90nm and finer line technologies. Headquartered in
Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab)
under pilot production and three 200mm wafer fabs in its Shanghai
mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a 200mm
wafer fab in Tianjin, and an in-house assembly and testing facility
in Chengdu. SMIC also has customer service and marketing offices in
the U.S., Europe, and Japan, and a representative office in Hong
Kong. In addition, SMIC manages and operates a 200mm wafer fab in
Chengdu owned by Cension Semiconductor Manufacturing Corporation
and a 300mm wafer fab under construction in Wuhan owned by Wuhan
Xinxin Semiconductor Manufacturing Corporation. For more
information, please visit http://www.smics.com/ . Information on
VEU is available from the following web sites:
http://www.access.gpo.gov/bis/ear/pdf/748.pdfhttp://www.bis.doc.gov/usChinaExportRule.htm
SMIC Press Contact: Reiko Chang Corporate Relations Tel:
+86-21-5080-2000 x10544 Email: DATASOURCE: Semiconductor
Manufacturing International Corporation CONTACT: Reiko Chang,
Corporate Relations of Semiconductor Manufacturing International
Corporation, +86-21-5080-2000 x10544, or Web site:
http://www.smics.com/
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