Chinese semiconductor maker SMIC plans US$3.59 billion Beijing plant

Of the US$3.59 billion, SMIC and its wholly owned subsidiary, SMIC Beijing, will invest US$660 million and hold a 55 per cent stake in the business, which will design, manufacture and sell semiconductor wafers.

via Business feed http://www.scmp.com/business/china-business/article/1252888/chinese-semiconductor-maker-smic-plans-us359-billion-beijing