Private Funds Reported to Take Over SMIC

January 4, 2007 6:33pm CST
Taipei,Jan.4,2007(CENS)--Acquisition of Semiconductor Manufacturing International Corporation(SEIC),China`s leading ICs foundry, by private equity funds, being widely reported in the market, will greatly enhance competitiveness of SMIC by probiding it strong support in manufacuring and business opportunites, posing heavy pressure on its archrivals Taiwan Semiconductor Manufacturing Corporation(TSMC) and United Microelectronics Corporation(UMC), according to industry insiders.
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