Unigroup Launches Core Cloud Industry Park in Chenggong
Unigroup held an opening ceremony in Chenggong Information Industry Park for its new Core Cloud Industry Park, being built by Kunming Unigroup Investment Development Ltd. Co.
The total investment for the Unigroup Core Cloud Industry Park, to be completed over the next 24 months, will be about 6 billion yuan. The investment realized in 2019 is expected to reach 900 million yuan.
The project build will mainly comprise the headquarters of Unicloud Southwest Data Center, Unigroup Internet of Things (IoT) Technology Institute, and Southeast Asia Communication Technology Research Institute.
SMIC Sells 8-inch Wafer Fab LFoundry
Leading Chinese foundry SMIC has announced the sale of its 200mm LFoundry in Avezzano, Italy, to Jiangsu Cas-IGBT Technology Co., LTD. A specialized wafer foundry focused on advanced analog manufacturing services, LFoundry’s monthly capacity is over 40,000 wafers. The foundry has an advanced 200mm manufacturing line and 150nm and 110nm processes providing multi-project wafer (MPW) and multilayer mask (MLM) services.
SMIC acquired LFoundry in 2016, purchasing 70% of its corporate capital for 49 million euros. The decision to sell now was made to allow SMIC’s management to focus on its future and generate positive return on its business investments.
Founded in 2011, Jiangsu Cas-IGBT is a joint-venture high-tech company specializing in development of new power electronics chips, such as insulated gate bipolar transistor (IGBT), fast recovery diode (FRD), and other technologies. Acquiring LFoundry will allow Jiangsu Cas-IGBT to transition from a chip design firm to an integrated device manufacturer while leveraging the two companies’ synergies in areas such as IGBT.