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January 8, 2013
09:40 EDTSMISemiconductor Manufacturing upgraded to Outperform from Neutral at Credit Suisse
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August 28, 2014
08:42 EDTSMISemiconductor Manufacturing sees $1.1B in foundry capex in 2014
In 2014, Semiconductor Manufacturing International plans to spend approximately $1.1B in capital expenditures for foundry operations, which are subject to adjustment based on market conditions. The capital expenditures are mainly for Semiconductor Manufacturing North China , the company’s majority owned subsidiary in Beijing, which is 55% funded by the company and 45% funded by other shareholders of the entity, the acquisition of used equipment for the company’s Shenzhen 8-inch fab, the product-mix change including conversion from 40/45nm to 28nm in the company’s Shanghai 12-inch fab, and the expansion of capacity in its Tianjin 8-inch fab from 39K to 42K. In addition, the company budgeted approximately $110M in 2014 as capital expenditures for non-foundry operations.
08:39 EDTSMISemiconductor Manufacturing reports 1H sales $962.4M vs. $1.04B last year
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