Shanghai  [2003-09-15]

Shanghai, China, September 13, 2003―Semiconductor Manufacturing International Corporation (SMIC) today announced the successful raising of approximately US$630 million through the issuance of Series C Preference Shares. Existing shareholders participating in this financing include Shanghai Industrial Holdings Limited, H&Q Asia Pacific Limited, Walden International, Temasek, and a Singapore consortium led by Vertex Management. New investors in SMIC are comprised of well-known venture capital firms such as New Enterprise Associates (NEA) and Oak Investment Partners, Beida Microelectronics Investment Ltd. (Hong Kong), as well as strategic investors.

SMIC’s 8-inch fab facilities in Shanghai have reached a capacity of more than 40,000 wafers per month. Capital raised from the issuance of Series C Preference Shares will be used for the expansion of the three fabs in Shanghai as well as the development of the new 12-inch facility in Beijing.

About SMIC
As China's most advanced foundry, SMIC provides IC manufacturing at 0.35-micron, 0.25-micron, 0.18-micron technologies, as well as 0.13-micron copper backend services. Established in April 2000, SMIC is a Cayman Islands company with three 8-inch fabs in volume production in Shanghai and a 12-inch facility currently under construction in Beijing. In May 2003, SMIC's Fab1 was named "Top Fab of the Year 2003" by Semiconductor International magazine, a leading industry publication. In addition to IC manufacturing, SMIC provides customers with a full range of services that includes design services, mask manufacturing and testing. As a result of its dedication towards providing high quality services and protecting the environment, all three fabs in Shanghai have obtained ISO9001 and ISO14001 certifications. For more information, please visit www.smics.com.

SMIC Contact:
Ms. Sarina Huang
Public Relations
Tel: +86 21 5080 2000 x 10356
Fax: +86 21 5080 2868
E-mail: Sarina_Huang@smics.com