SMIC, has bought a 70% stake in Italy’s small foundry LFoundry for €49 million. LFoundry has total capacity of 40k 8″ wpm. Its 2015 revenue was €215 million. LFoundry mostly makes automotive, security, and industrial ICs including CIS, smart power, touch display driver IC’s and embedded memory. “This allows us to enter the automotive market,” ...
from ElectronicsWeekly http://www.electronicsweekly.com/news/business/smic-buys-lfoundry-2016-06/
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