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SMIC and GSMC land US$1.3 billion in loans

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SMIC and GSMC land US$1.3 billion in loans

Approved last October, Shanghai foundry giants Semiconductor Manufacturing International Corporation (SMIC) and Grace Semiconductor Manufacturing Corporation (GSMC) have now appropriated a combined US$1.3 billion (10 billion yuan) in loans from domestic banks, relieving financial difficulties, reported the Nanfang Daily News.

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