This Day On The Street
Continue to site
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

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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.01 1.05%
FB $99.75 -4.15%
GOOG $682.74 -0.12%
TSLA $147.99 -8.99%
YHOO $27.05 -3.29%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs