SMIC said the loss of U.S. loans will not affect the annual expenditure plan

Yesterday afternoon, SMIC stakeholders told reporters: "SMIC has been seeking financing in different ways, including from the mainland and international bank loans. United States import and export bank guarantee temporarily shelved, does not affect this year's capital expenditure plan." According to Hongkong media reported earlier this month 12 days, from the industry and the U.S. Congress sources said: the United States import and export bank chairman Philip - Meryl (Philip Merrill) this week to make a decision, to SMIC (SMIC) requirements with a $769 million loan guarantee to stop SMIC to purchase a company in the United States. Chip manufacturing equipment.

SMIC does not compete with micron

Reporter: why suppress SMIC micron?

SMIC people: SMIC foundry, rival micron is not the true sense of the main reason, Meguiar's recession is probably more in the development of rival Samsung, Infineon etc.. Suppression of core international development, without any real meaning of micron. As far as I know, in recent years Chinese micron business development of the market very quickly. 'perhaps more should consider how to work with smic.

The person's words in the United States DRAM chip maker micron (Micron) technology company, it is reported that micron protests led to the rejection. After Meguiar's company said, the U.S. government should not help overseas competitors to improve the scale of production, especially the current chip market oversupply, the U.S. government is more reason to do so. The micron spokesman David (David Parker Parke) said: "we believe that the government should not use taxpayers' money to promote jobs in the United States to semiconductor China."

How to account for Sino US trade

Reporter: refused to provide loans to SMIC has a positive impact on the U. S. economy?

SMIC: at least affect the export of chip manufacturing equipment manufacturers. I have noticed that the US China trade surplus released last year is two times the number of China's published figures, which means that the United States is deliberately exaggerating the Sino US trade surplus. I do not say much about Sino US trade issues, Premier Wen Jiabao said, "eating soybeans by plane" is very thorough.

National strategy for the chip industry

Reporter: the chip industry has been the national government as a strategic industry rather than purely economic issues, SMIC how to face this reality?

SMIC: people after Intel President Barrett has suggested that the German instrument in SMIC 90 nanometer chip orders have suspected violations of U.S. law, but we can show that is in core international first 90 nanometer manufacturing capabilities, Deyi just order, rather than the German instrument orders and provide technical support. We didn't get technical support for 90 nm.

On the one hand, the national strategy of the chip industry has led to the blockade of the developed countries, on the other hand, it has made the core international obtain a favorable environment for development in china. Which government can not sit idly by the domestic backbone network is based on imported chips!

Chinese government's support for SMIC

Reporter: SMIC's rapid development, whether the main benefit from the support of the Chinese government?

SMIC: of course people and our government to encourage the chip industry policy are closely related, but also determines the characteristics of the chip foundry industry, SMIC must have the speed of development, rely on the one hand, the scale benefit, on the one hand to keep up with the rapid development of technology. It should be said that a good industrial environment, Mr. Zhang Rujing had accumulated industry contacts, experience, led by academician Wang Yangyuan in the country, and the confidence of investors together to promote the rapid development of smic.