Is SMIC a state-owned enterprise or a foreign enterprise?

SMIC is a foreign-funded enterprise controlled by state-owned enterprises.

Introduction to SMIC:

At the beginning of its establishment, SMIC was a wholly foreign-owned enterprise, which was simply a foreign-funded enterprise. With the continuous development of SMIC, foreign capital and state-owned capital began to invest in SMIC. After years of development, the main shareholder of SMIC is state-owned capital, and the composition of foreign capital has been greatly reduced. Since its establishment, SMIC has developed into the largest chip foundry enterprise with the highest technical level in Chinese mainland and the fourth in the world. SMIC's main business is to manufacture integrated circuit chips for customers according to their own or third-party integrated circuit designs.

SMIC is a pure commercial integrated circuit OEM factory, providing 0.35 process design and manufacturing services from micron to 14 nm. We have established a partnership with world-class design services, intelligent modules, standard cell libraries and EDA tools providers to provide customers with extensive and flexible design support. The company has the most advanced photomask production line in Chinese mainland, and its technical capability spans 0.5 micron to 45 nanometer. In order to better serve global customers, SMIC has also set up customer service and marketing offices in the United States, Europe, Japan and Taiwan Province Province, and set up a representative office in Hongkong. In addition, he also manages the 300mm chip factory on behalf of Wuhan Xinxin Integrated Circuit Manufacturing Co., Ltd. ..