This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bank Card IC Products Adopting SMIC EEEPROM Platform Certified By China Union Pay

Stocks in this article: SMI

SHANGHAI, Oct. 8, 2013 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), China's largest and most advanced semiconductor foundry, today announced that its customers' bank card IC products adopting SMIC's eEEPROM platform have obtained China Union Pay certifications. SMIC's 0.18-micron eEEPROM technology is one of SMIC's differentiated offerings for mature process nodes. The platform is targeted at China's fast-growing dual-interface financial IC card market, as well as the worldwide market for contactless smart cards, and any other applications requiring secure identification and frequent data updates. Currently, four of China's six bank card IC design houses that qualify for China Union Pay certification have chosen SMIC as their foundry partner. Among the four bank card IC design houses, three of them have already been certified and the fourth design house is targeted to be certified by the end of 2013.

Based on the research of the China Semiconductor Industry Association IC Design Branch, as of today, China's financial IC card demand is estimated to be 800 million units per year (50% in financial applications cards and 50% in other applications) with a potential compound annual growth rate (CAGR) of 20% over the next 5 years.

"SMIC's eEEPROM platform includes both 0.18-micron and 0.13-micron technologies, with 0.13-micron delivering up to 50% reductions in both memory area and power consumption," said Dr. TY Chiu, Chief Executive Officer & Executive Director of SMIC. "Since our eEEPROM platform is 100% compatible with our logic process, logic IP can be directly applied on our eEEPROM platform. We believe the platform's significant decrease in size, higher speed, lower leakage and improvements in power consumption will help our customers introduce many highly differentiated products."

"I am very pleased to see SMIC's progress in the financial IC card field," said Qin Sheng Wang, Council Chair for the China Semiconductor Industry Association IC Design Branch. "The financial IC card industry has huge market potential and robust demand in China. Chinese companies need to work together to conquer the challenges brought by the strong demand. I believe SMIC plays an essential role in leveraging its technology capability to collaborate within the China IC ecosystem and contribute to the localization of China's financial IC cards."

About SMICSemiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China, providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai, a 300mm mega-fab in Beijing, a 200mm fab in Tianjin, and a 200mm fab project under development in Shenzhen. SMIC also has customer service and marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong.For more information, please visit Safe Harbor Statements

(Under the Private Securities Litigation Reform Act of 1995)

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,040.92 -12.79 -0.07%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs