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Total0 SMIC: The company and the Shenzhen government intend to invest in project development and operations via SMIC Shenzhen SMIC said the company and Shenzhen Government (via Shenzhen Reorganization Group) plan to conduct project development and operations. According to the plan, SMIC Shenzhen will carry out the development and operation of the project, focus on the production of integrated circuits and providing technical services in 28 nanometer chips, and is designed to achieve the capacity of about 400,000 12-inch wafer per month. It is expected to be produced in 2022. After the final agreement is signed, the new investment amount of the project is estimated to be US$2.35 billion. The actual investment of all parties will be determined according to the assessment of SMIC Shenzhen according to third-party companies.

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