China foundry SMIC creates joint venture to address IoT

China foundry SMIC creates joint venture to address IoT

Business news |
By Rich Pell

Ningbo Semiconductor International Corp. (NSI) is a joint venture between China IC Capital (a wholly-owned investment fund of SMIC), Ningbo Senson Electronics, and Hua Capital.

Few details were provided except to say NSI would develop “analog and specialty semiconductor technology platforms in the areas of high-voltage analog, radio frequency, and optoelectronics.” These so-called platforms are intended to support customers design ICs for applications in smart home, industrial, and automotive electronics, radio systems and augmented, virtual and mixed reality systems.

It was not stated how much money has been invested in NSI, what percentages the parents held, whether the company will be fabless or tied to manufacturing through SMIC.

Zixue Zhou, chairman of SMIC, said that the formation of NSI would help SMIC expand its business in high-voltage analog, RF and other specialty technologies.

The IC industry is a selected focus area for Ningbo, a coastal city about 220 kilometers (about 140 miles) south of Shanghai.

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