Ningbo Semiconductor International Corporation Officially Inaugurated

NINGBO, China, Nov. 23, 2016 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, announced the official inauguration of Ningbo Semiconductor International Corporation, "NSI". On the afternoon of November 19^th, Dr. Zixue Zhou, the Chairman of SMIC, Dr. Tzu-Yin Chiu, the CEO and Executive Director of SMIC, Hongyi Yu, the Deputy Secretary of the Ningbo Municipal Committee, Zhongchao Chen, the Vice Mayor of Ningbo, and other officials attended the inauguration ceremony together with guests from the IC industry.

NSI is jointly established by China IC Capital (a wholly owned investment fund of SMIC), Ningbo Senson Electronics, and Hua Capital. Through acquisition, adoption, enhancement and development of intellectual property and technology, NSI will develop analog and specialty semiconductor technology platforms in the areas of high-voltage analog, radio frequency, and optoelectronics. These developments will support customers in IC design and product development for applications in smart home, industrial, and automotive electronics, new generations of radio communications, AR/VR/MR, and other specialty systems.

The Chairman of SMIC, Dr. Zixue Zhou, said: "High-voltage analog, radio frequency and other specialty semiconductor technologies are not only widely adopted by China's everyday consumers, but are also indispensable and important to the IC industry. Ningbo has unique geographical and economic advantages as well as a robust industrial environment. The establishment of NSI will help SMIC to expand its business in this field and strategically enhance the cooperation throughout China's IC ecosystem."

The Vice Mayor of Ningbo Zhongchao Chen said: "The IC industry is one of the key areas of focus for the city of Ningbo at the current period. We are pleased by the establishment of NSI and expect to achieve a win-win situation through our full cooperation."

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. SMIC provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab. SMIC also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong. For more information, please visit www.smics.com.

Safe Harbor Statements

 (Under the Private Securities Litigation Reform Act of 1995)

This document contains, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "expect," "project" and similar expressions to identify forward looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of SMIC's senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition, timely wafer acceptance by SMIC's customers, timely introduction of new technologies, SMIC's ability to ramp new products into volume, supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and raw materials, availability of manufacturing capacity, financial stability in end markets and intensive intellectual property litigation in high tech industry.

In addition to the information contained in this document, you should also consider the information contained in our other filings with the SEC, including our annual report on Form 20-F filed with the SEC on April 25, 2016, especially in the "Risk Factors" section and such other documents that we may file with the SEC or SEHK from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on our future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this document may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated or, if no date is stated, as of the date of this document.

Except as may be required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.

SMIC Media Contact

Terry Ding
+86-21-3861-0000 x16812
[email protected]

SOURCE Semiconductor Manufacturing International Corporation

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