CST cooperates with SMIC with support of policy in domestic IC industry

With the support of policy for integrated circuit (IC) industry, many relevant companies are eager to have a try. Recently, Jiangsu Changjiang Electronics Technology (JCST) has teamed up with Semiconductor Manufacturing International Corporation (SMIC), intending electronics to build the domestic IC industry chain.


JCST announced today (February 20, 2014) that the company plans to cooperate with SMIC to establish a joint venture company which is capable of 12-inch bumping processing and integrated electronics. The registered capital for the joint venture company is planned to be 50 million USD, of which JCST offers 24.5 million USD, accounting for 49% of the whole registered capital; and the rest capital are provided by SMIC.

In the meantime, JCST also plans to set up an advanced wholly-owned subsidiary for back-end flip chip encapsulation testing near the joint venture company with 200 million RMB, so as to provide one-stop services from chip manufacturing, middle encapsulation to back-end flip chip encapsulation testing in the industry chain for top customers at home and abroad along with electronics international.

According to information, the cooperation this time is not only the need for SMIC to extend to the middle and back end of the industry chain, but also the amplification of JCST's advantages in packaging & testing technology. Thus, JCST is able to indirectly contact with some international customers like Qualcomm, etc and then better provide one-stop services of IC industry chain for end-users.
http://en.ofweek.com/news/JCST-cooperates-with-SMIC-with-support-of-policy-in-domestic-IC-industry-8197