international corporation native name type public traded as nyse smi sehk 0981 industry semiconductor founded 2000 founder dr. richard chang headquarters shanghai china incorporated in cayman islands key people dr. tzu yin chiu ceo revenue us 1.7 billion 2012 operating income us 36.5 million 2012 net income us 15.9 million 2012 number of employees 9 424 at 30 april 2011 website smics.com semiconductor manufacturing international corporation smic is a semiconductor foundry company headquartered in shanghai china . it provides integrated circuit ic manufacturing services on 350 nm to 28 nm process technologies . smic has wafer fabrication sites throughout mainland china offices in the united states italy japan and taiwan and a representative office in hong kong . notable customers include qualcomm broadcom and texas instruments . 1 2 3 contents 1 history 1.1 litigation with tsmc 2 locations 3 see also 4 references 5 external links history edit smic was founded in 2000 by richard chang traditional chinese a taiwanese american entrepreneur who had previously worked at texas instruments and taiwan semiconductor manufacturing corporation tsmc . under chang s leadership smic built its first fab in the zhangjiang hi tech park in shanghai china and subsequently expanded its manufacturing operations to other cities in mainland china . smic is currently the largest and most advanced semiconductor foundry in mainland china . the company was listed on the sehk and new york stock exchange in 2004 . in october 2007 the united states government enrolled smic in its validated end user veu program as a trusted customer of regulated u.s. technology thereby reducing many of the export control barriers for smic . 4 in early 2009 harvard business school wrote a case study on smic s business model characterized as a reverse build operate transfer bot . the case study found that smic is executing a strategy that leverages the desires of municipalities in china to build clusters of high technology companies . by partnering with those cities to build new semiconductor fabs that smic would then operate under contract the company could build scale without necessarily confronting immediate large capital outlays . unlike the build operate transfer model that some municipalities were using to build infrastructure like the new subway in shenzhen in the smic reverse bot model a municipality would build a capital intensive fab and smic would operate it sharply lowering its capital costs . this model gave the company a unique level of flexibility in an industry where capital costs were the major driver of product costs . 5 in november 2009 richard chang resigned as ceo and was replaced by david n.k. wang traditional chinese a former executive of hua hong group co. ltd. and applied materials . 6 wang served until 2011 when he resigned and tzu yin chiu traditional chinese an experienced semiconductor industry executive was appointed as ceo . 7 litigation with tsmc edit the company was the target of a lawsuit brought by tsmc accusing smic of misappropriating tsmc intellectual property . 8 the first round of litigation ended in 2005 with a 175 million settlement . a second round was opened in 2006 . the liability phase of the lawsuit began on september 9 2009 in oakland california 9 and the jury found smic liable on 61 out of 65 claims . 10 smic entered into a settlement agreement with tsmc to resolve all pending lawsuits between the parties including the legal action filed by tsmc in california for which a verdict was returned by the jury against smic on november 4 2009 and the legal action filed by smic in beijing . smic and tsmc have entered into a settlement agreement on november 9 2009 to settle and dismiss the califocase including all claims and defenses of smic yet to be decided in that case and smic s appeal in the beijing case thus concluding all pending court litigation between the parties . key provisions of the settlement include a mutual release of all claims that were or could have been brought in the pending lawsuits ; termination of smic s obligation to make remaining payments under the prior settlement agreement between the parties approximately us 40 million ; payment to tsmc of an aggregate of us 200 million ; and a grant to tsmc of approximately 8 % of smic s issued share capital and a warrant which would allow tsmc to obtain total ownership of approximately 10 % of smic s issued share capital . 11 locations edit smic has customer service and marketing offices in the u.s. europe japan and taiwan and a representative office in hong kong . 12 it has wafer fabs at the following locations shanghai mega fab 300mm wafer fabrication facility fab and three 200mm wafer fabs beijing mega fab two 300mm wafer fabs tianjin 200mm wafer fab shenzhen 200mm wafer fab see also edit list of semiconductor fabrication plants references edit smic receives supplier award from qualcomm . smic press release . 14 december 2011 . retrieved 6 january 2012 . broadcom 2010 annual report . p. 20 . retrieved 6 january 2012 . smic earns texas instruments supplier excellence award for 2010 . smic press release . 14 april 2011 . retrieved 6 january 2012 . lapedus mark 2007 10 19 . u.s. reduces export controls for smic . eetimes.com . retrieved 2009 10 08 . shih willy 2009 01 06 . semiconductor manufacturing international corporation reverse bot . harvardbusiness.org . harvard business publishing . retrieved 2009 10 08 . new management change at smic dr. david n.k. wang as new president and ceo . smic press release . 10 november 2009 . retrieved 6 january 2012 . peter clarke ee times . smic appoints tsmc veteran as ceo . august 5 2011 . retrieved august 5 2011 . tsmc v. smic 161 cal.app . 4th 581 74 cal.rptr .3 d 328 march 27 2008 pdf . retrieved 2009 10 09 . dead link lammers david 2009 09 10 . tsmc vs. smic trial commences in oakland . semiconductor.net . semiconductor international . retrieved 2009 10 09 . longstreth andrew 2009 11 05 . jeffrey chanin of keker & van nest . amlaw litigation daily . press release . retrieved 2009 11 05 . smic settles all pending lawsuits with tsmc anticipates no disruption to customers . . smic press release . 2009 11 10 . retrieved 2012 01 06 . smic contact us . smic website . retrieved 6 january 2012 . external links edit official website v t e electronics industry in china foundries smic hejian technology corporation various actions semiconductor aigo ainol bbk electronics oppo electronics oppo digital oneplus vivo smartphone bluboo boe byd electronic changhong china hualu group coolpad elephone gionee g five galanz hacha haier hasee hisense hisense kelon huawei hisilicon ingenic joyoung jxd konka group lemote lenovo leeco meitu meizu panda electronics perception digital rockchip smartisan skyworth supor sva group tcl corporation tpv technology vtech wintek xiaomi zte defunct asia commercial kejian group category retrieved from https en.wikipedia.org w index.php title semiconductor manufacturing international corporation & oldid 727579651 categories companies listed on the hong kong stock exchangecompanies listed on the new york stock exchangeelectronics companies of chinawarrants issued in hong kong stock exchangeprivate equity portfolio companiesfoundry semiconductor companiescompanies established in 2000companies based in shanghaitechnology companies of chinasemiconductor companies of chinahidden categories all articles with dead external linksarticles with dead external links from october 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutsch edit links this page was last modified on 29 june 2016 at 22 13 . text is available under the creative commons attribution sharealike license ; 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