SMIC and China Information and Communications Technology Group deepen strategic cooperation

SMIC and China Information and Communications Technology Group Corporation (CICT) have signed a strategic cooperation agreement, and the two parties will carry out in-depth cooperation in the field of integrated circuits. According to the agreement, CICT will increase its investment in SMIC to support its technology research and development and capacity expansion. This move will further consolidate SMIC's leading position in the wafer foundry industry in mainland China and help enhance the independent innovation capabilities of China's integrated circuit industry.