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SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

(981)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 12/02
22.05 HKD   +1.38%
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Semiconductor Manufacturing International Corporation and China Pilot Free Trade Zone Lin-Gang Special Area Administration Enter into Cooperation Framework Agreement

09/03/2021 | 12:05am EST

Semiconductor Manufacturing International Corporation announced that on 2 September 2021, the company and China (Shanghai) Pilot Free Trade Zone Lin-Gang Special Area Administration (Lin-Gang FTZ Administration) had entered into the Cooperation Framework Agreement. Pursuant to the Cooperation Framework Agreement, the company and Lin-Gang FTZ Administration intend to jointly establish a joint venture company based in the Shanghai Pilot Free Trade Zone Lin-Gang Special Area ("Lin-Gang Pilot Free Trade Zone"). The Joint Venture Company will plan to set up a production line with a production capacity of 100,000 12-inch wafer per month (the "Project"), focusing on the production of integrated circuit ("IC") foundry and technology services on process nodes for 28 nanometer and above. The investment for the Project will be approximately USD 8.87 billion, and the registered capital of the Joint Venture Company will be USD 5.5 billion, of which the Company proposes to contribute no less than 51% and an investment entity designated by Shanghai Municipal People's Government will contribute no more than 25%. The Company and Lin-Gang FTZ Administration will jointly seek for third-party investors to complete the contribution of the remaining registered capital, and subsequently adjust the respective capital contributions and shareholding of the Joint Venture Company between the Company and Lin-Gang FTZ Administration based on the third-party investors' capital contributions. The company will be responsible for the operation and management of the Joint Venture Company. The Company and Lin-Gang FTZ Administration have agreed to negotiate in good faith to enter into a definitive agreement in respect of the establishment of the Joint Venture Company. The Cooperation Framework Agreement shall be established as of the date of its execution, and shall become effective subject to the satisfaction of the agreed conditions.


ę S&P Capital IQ 2021
All news about SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Analyst Recommendations on SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Financials (USD)
Sales 2021 5 442 M - -
Net income 2021 1 536 M - -
Net cash 2021 2 404 M - -
P/E ratio 2021 14,8x
Yield 2021 -
Capitalization 22 366 M 22 361 M -
EV / Sales 2021 3,67x
EV / Sales 2022 3,25x
Nbr of Employees 17 354
Free-Float 84,2%
Chart SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Semiconductor Manufacturing International Corporation Technical Analysis Chart | 981 | KYG8020E1199 | MarketScreener
Technical analysis trends SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 2,83 $
Average target price 3,62 $
Spread / Average Target 27,9%
EPS Revisions
Managers and Directors
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer
Yong Gang Gao Chairman, CFO & Executive VP
Mei Sheng Zhou Executive VP-Technology Research & Development
Xin Zhang Senior Vice President-Operations & Engineering
Sector and Competitors