However, in that context, I find this announcement important. China certainly expects its very own China-based foundry to respond to the needs of China's largest smartphone chip vendor Spreadtrum (now, merged with RDA, has become China's government-owned company).
As I reported almost a year ago, SMIC was not ready for 28-nm (they told us then they didn't expect to get ready for it until the end of 2013). Therfore, SMIC was unable to cater to its biggest customer Spreadtrum, who was moving to 28-nm process late 2013 and took its business to TSMC.
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.