Circuits Assembly Online Magazine - SMIC to Purchase $2B Worth of Equipment from U.S.

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SHANGHAI – Semiconductor Manufacturing International Corp. of China has signed letters of intent to purchase close to $2 billion worth of semiconductor manufacturing equipment from U.S. vendors over three-year periods.

SMIC participated in the signing ceremony of contracts and agreements between U.S. and China companies at the U.S-China Hi-Tech Cooperation Forum held in San Francisco.

The company signed six LOIs outlining plans to purchase equipment from U.S. vendors, including Applied Materials, Axcelis, KLA-Tencor, Lam Research, Novellus and Varian Semiconductor.