The headquarters will assume the role of overseeing the management functions in the Mainland China region. On 7th December, SMIC Holdings and Zhangjiang Semiconductor Industry Park reached an agreement, and will purchase an area located in Building 1, Zhangdong Business Center at the Zhangdong road in Pudong New Area.

SMIC Holdings was established as part of SMIC's integrated strategy to lay the foundation for its long term development. SMIC Holdings will use the regional headquarters to improve the sharing of company resources and workflow. This will increase efficiency in the company's decision making, management capabilities and reduce operational costs.

"The establishment of our regional headquarters is part of SMIC's development strategy." Dr. Gao Yonggang, the Executive Vice President of Strategic Planning and an Executive Director of SMIC said.

“SMIC was founded in Shanghai, so when choosing this city as our regional headquarters, the historical attachment, unique location, developed infrastructure etc. were all taken into account. SMIC Holdings will be in charge of running the headquarters, efficiently integrate the company's external and internal resources, exert an industrial agglomeration effect to better SMIC and promote China's IC industry development.”