Semiconductor Manufacturing International Corporation (SMIC) is a partially state-owned publicly listed Chinese pure-play semiconductor foundry company. It is the largest contract chip maker in mainland China. SMIC is headquartered in Shanghai and incorporated in the Cayman Islands. It has wafer fabrication sites throughout mainland China, offices in the United States, Italy, Japan, and Taiwan, and a representative office in Hong Kong. It provides integrated circuit (IC) manufacturing services from 350 nm to 7 nm process technologies. State-owned civilian and military telecommunications equipment provider Datang Telecom Group as well as the China National Integrated Circuit Industry Investment Fund are major shareholders of SMIC. Notable customers include Qualcomm, Broadcom, and Texas Instruments. History SMIC was founded on April 3, 2000, and is headquartered in Shanghai. It was incorporated in the Cayman Islands as a limited liability company. It quickly built a fully-owned plant in Shanghai, acquired a Motorola plant in Tianjin, and then began to build a fully-owned plant in Beijing. SMIC also became involved in two projects in Chengdu and Wuhan, which reversed a common pattern in Chinese development of government building, operating, then transferring industrial projects, such that SMIC operated the company, but the capital costs were borne by municipal government, relieving SMIC of the major cost of its fab plants. SMIC however, exited the relationship with these two 'Reverse BOT' projects in favor of fully-owned and majority-owned manufacturing sites. In 2013, SMIC established a joint venture in Beijing to fabricate using 40 nm and below technologies. On December 22, 2014, SilTech Shanghai, one of SMIC's indirectly wholly owned subsidiaries; JCET; and China IC Fund entered into a co-investment agreement to form a consortium regarding the proposed acquisition of STATS ChipPAC, a provider of advanced semiconductor packaging and test services incorporated in Singapore, shares of which were listed on the Singapore Exchange Securities Trading Limited before the acquisition. On June 18, 2015, according to the co-investment agreement, SilTech Shanghai invested US$102 million as a capital contribution for 19.6% ownership interest in Changjiang Xinke, a company incorporated in Jiangsu province, China, which is accounted as an associate of the Group. On June 23, 2015, Huawei, Qualcomm Global Trading Pte. Ltd., IMEC International, and SMIC announced the formation of the SMIC Advanced Technology Research & Development (Shanghai) Corporation, an equity joint venture company. The joint venture company's focus was to be the R&D for the next generation CMOS logic technology and was