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.
The Other Tesla David Blaza5 comments I find myself going to Kickstarter and Indiegogo on a regular basis these days because they have become real innovation marketplaces. As far as I'm concerned, this is where a lot of cool ...