SMIC is a pure-play foundry that offers 0.35μm to 0.13μm IC manufacturing services. Established in 2000, SMIC is headquartered in Shanghai and has three 8-inch fabs including a dedicated copper backend line there. SMIC acquired its fourth 8-inch fab facility, Fab7, located in Tianjin. SMIC is also building a 12-inch wafer facility in Beijing. In May 2003, our Fab 1 was one of the two recipients of the "Top Fab of the Year for 2003" by Semiconductor International, a leading publication in the semiconductor industry.

SMIC's technology capabilities include logic, mixed signal/RF, high-voltage circuits, system-on-chip, embedded and other memories LCoS and CIS among others . Key to SMIC's rapid technology development and excellent fab management is a strong R&D team made up of experienced engineers from North America, Europe and Asia, and a network of leading international technology and manufacturing partners.

(March 15, 2004 - Hong Kong) Semiconductor Manufacturing International Corporation ("SMIC" or "the Company"), one of the leading semiconductor foundries in the world, announced today that the issue price for its initial public offering has been fixed at HK$2.69 per ordinary share.

Further information regarding the clawback and allotment results will be announced on Wednesday, March 17, 2004. Dealing in the American Depositary Shares ("ADSs") on the New York Stock Exchange ("NYSE") is expected to commence on Wednesday, March 17, 2004. Dealing in the ordinary shares on The Stock Exchange of Hong Kong ("SEHK") is expected to commence on Thursday, March 18, 2004.

Comlent Semiconductor (Shanghai) Ltd.
Established in middle 2002, Comlent is a fabless RFIC design house headquartered in Shanghai, China with a US R&D Center in Southern California.

Comlent's current focus is on the explosive wireless communications markets in Greater China and Asia Pacific: PHS/PAS, 2.4GHz short range devices, and TD-SCDMA 3G mobile and potentially China’s own GPS system, Wi-Fi, and DTV/HDTV tuners in the future. Comparing to existing solutions, Comlent’s chip set achieves higher integration therefore lower cost. Comlent’s BiCMOS based PA can also remove capacity issue of GaAs PA that is widely used in PHS/PAS terminals. Comlent's potential customers are Chinese vendors and ODMs who design, manufacture and sell wireless terminals for both domestic and global markets.

Comlent has so far raised approximately US$9.5+ million funding with a plan to expand the team to nearly 60 full time employees in the near future. Investors include Intel, 3i, Draper Fisher Jurvetson and individual investors include the Chairman of MediaTek and Board Director of Marvel. Comlent expects to ship products in the near future and projects to receive significant annual revenue in Year 2005.

Co-founders and core team members of Comlent are semiconductor professionals from IBM, TI, Conexant, Broadcom, and National Semiconductor in the US.

The strategic value of the company lies in the combination of Greater China’s already largest but still exponentially growing wireless markets, experienced RFIC product development and engineering team, deep penetration into Chinese market and strong support for local innovation, time-to-market and cost reduction.

MediaChip

MediaChip is founded by Lucent Bell Labs experts, funded by prominent investors and supported by a board of distinguished industry figures. MediaChip provides carrier-grade IP multimedia data delivery and management software technologies enabling IP access-carriers and IP movie/TV service providers to provide multi-media services, such as video-on-demand, interactive TV, and IP TV advertisements. MediaChip is the first company in the world to provide full-service multi-media technology to a major telco; China Telecom. In addition to a leadership position in the Chinese market, MediaChip has gained substantial interests from Verizon, AOL, AT&T, and a number of major movie studios.

AIC Micorsystems Co.,Ltd

AIC Microsystems Co., Ltd. Is a company established by a team form former LSI Research Institute, Shanghai Jiao Tong University, in China and abroad. Our IC design experts develops general and ASIC products with our own IP. We also provide other service such as DSP development and system integration. We not only provide IC chips, but also comprehensive and system solutions.

Compound Semiconductor International (CSI) was founded by a team of highly skilled entrepreneurs and technologists in North America. The senior members of the team come from US key RFIC companies with experience in product design and manufacturing. CSI plans to build an advanced manufacturing facility of mass production GaAs/InGaP HBTs and GaAs pHEMTs based RFIC’s in China. The facility will consist of front-side and backside processes, product design and characterization and modeling center, and product application service.

Time Medical Corp. http://www.time-medical.com

Time Medical Inc. (TiMed) is a hi-tech start up specializing in the development and production of Magnetic Resonance Imaging (MRI) systems for both US and Greater China market. The company was founded by a research team from the University of Hong Kong, Columbia University and Harvard Medical School. The team has developed a number of innovative technologies in the fields of magnetic resonance imaging and superconducting electronics.

Columbia Semiconductor Corp.

Columbia Semiconductor Corp. (CSC) provides contracted assembly and testing services for discrete & hybrid semiconductor devices. It offers value-added turnkey services of world-leading yield and reliability to IDM manufacturers and fabless design houses

XKX Technology

XKX Technology Corporation is a software company focusing on development and operating of online computer games and handheld games. The company develops its own products and tailors them to Chinese game players’cultural background.