Performance of IPO of Semiconductor Manufacturing International Corporation

Corporate Profile of semiconductor unit Manufacturing International Corporation

In less than four years, Semiconductor Manufacturing International Corp (SMIC) has become Chinas largest and the worlds fifth-largest chip maker and it incorporated the countrys high-tech aspirations. Established in 2000, SMIC is headquartered in move. It has a backbreaking Research and Development Team which is made up of experient engineers from North America, Europe and Asia, and a network of leading external technology and manufacturing partners. Being an international corporation, SMIC has customer service and trade offices in China, the U.S., Europe and Japan, and partners in Korea and Israel.

SMICs biggest customers argon based out of doors of China. Its top five clients last year were global heavyweights Samsung Electronics Corp, Toshiba Corp, Infineon Technologies AG, Texas Instruments Inc and Broadcom Corp.

In melodic line with its strategic growth and development, SMIC, which is 11.4 percent-held by U.S. tech giant Motorola, plans to utilise the IPO this year to expand capacity at its Shanghai plant and to build chip foundries in Beijing.

SMICs Hong Kong and New York leaning is the worlds third largest of 2004. Credit Suisse First Boston and Deutsche Bank are underwriting the IPO, which could value SMIC at up to $7.5 billion based on its plan to sell 20-25 percent of its equity.

Vital Statistics for SMIC

Date Incorporated         April 2000

Revenue (2Q04)         US$221.



0 million

Total Assets (2Q04)         US$4,329 million

Global Presence         China, Japan, Europe and the United States

This paper aims to predict the cover impairment movement after the IPO and give a critical commentary about the stock performance. The performance is in any case benchmarked against the theories predicting IPO share prices. Analysis for the moving of the stock price is also available.

Here are some of the financial highlights of the company:

Semiconductor Makers Shares molt in HK Stock Debut...

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