Qimonda AG (NYSE: QI) and Semiconductor Manufacturing
International Corporation ("SMIC", NYSE: SMI; SEHK: 0981.HK) one of
the leading foundries in the world, today jointly announced that
they have signed an agreement to expand their existing cooperation
on the production of standard memory chips (DRAMs).
Under the terms of the agreement, Qimonda will transfer its 80nm
DRAM trench technology to SMIC's 300mm facility in Beijing and SMIC
will manufacture DRAMs for computing applications in this
technology exclusively for Qimonda. Furthermore, the agreement
includes the option to transfer Qimonda's 75nm technology to SMIC
in the future.
"The extension of our cooperation with SMIC underlines our
partnership commitment in Asia and it further increases our
production capabilities," said Kin Wah Loh, CEO and President of
Qimonda.
"We are excited to further expand our partnership with Qimonda
into 80nm manufacturing. The partnership has continued to drive the
technology advancement of SMIC's memory strategy," said Dr. Richard
Chang, President and CEO of SMIC.
(China.org.cn August 21, 2007)
