Press Releases
Shanghai SMIC Private School Receives 6 Year Full Accreditation from The Western Association of Schools and Colleges (WASC)
SHANGHAI, July 21, 2016 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China, announces that the English Track of Shanghai SMIC Private School has received a 6 year full accreditation, the maximum amount allowed, from the Western Association of Schools and Colleges (WASC). Seven other schools in Shanghai have received WASC accreditation, making SMIC the 8th. The accreditation means the education in the English Track of Shanghai SMIC Private School is further recognized by institutions of basic and higher learning in United States and the vast majority of western countries.
The Western Association of Schools and Colleges (WASC) is one of six regional accrediting agencies for public and private schools, colleges and universities, which are authorized by the U.S. Department of State. In addition, WASC is responsible for providing services to top international schools in Asia Pacific regions. The accreditation centers upon student learning and encourages schools to improve through a process of continuing evaluation. Accreditation is integral to a school's perpetual cycle of assessment. It fosters excellence in education and reflects the sound philosophy and direction. It also assures the school's community of the school's quality and integrity.
SMIC Private School started the accreditation process in the 2012-13 school year with an initial visit by a WASC team. Since that time, the school has worked diligently on curriculum development and other important school-wide processes to enhance what we deliver to students. In April 2016 the WASC visiting committee - an international team of 6 experienced administrators (all familiar with Asian international schools) - made a week-long examination of SMIC Private School. They recognized the achievement of the English Track and overall operation of the school, and viewed SMIC as a quality school with many strong features, all of which help provide quality opportunities to students. At the end of June, 2016 WASC formally awarded the 6-year full accreditation to the English Track of SMIC Private School.
Dr. Shukuang Hu, the Chancellor of SMIC School, said: "The entire accreditation process was led by Dr. Kelley Ridings, the English Track K-12 Principal, but the results couldn't have been achieved without the active engagement of our entire school community. On behalf of Dr. Tzu-Yin Chiu, the CEO of SMIC Company and The SMIC School Board, I would like to express our sincere gratitude to our school community for their dedication and commitment to this accreditation process. Together we have achieved a significant milestone in the history of the SMIC Private School. The full accreditation by WASC, the recognized international authority for school accreditation, is emblematic of the innovative, dynamic, and student-centered nature of the SMIC Private School's high educational standards. Accreditation will encourage us to seek constant improvement pursuant to further establishing the best possible learning environment for our students. Accreditation will buoy the reputation of SMIC Private School in Shanghai, China and even on a worldwide scale. The accreditation will result in even greater opportunities for our students to competitively apply to the most selective overseas universities, and enable us to continue to and retain attract excellent teachers, trained in the state-of-art teaching methods, to join our team.
About SMIC Private School
The SMIC Private School was solely founded in 2001 by Semiconductor Manufacturing International (Shanghai) Corporation (SMIC). The school offers pre-Kindergarten to grade 12 education and comprises both Chinese and English academic tracks. Currently school has more than 2,600 students coming from 28 different countries and regions, among them near 1,200 belong to English Track. The SMIC Private School has more than 100 offshore teachers which is the highest number among private schools in Shanghai. It is also the only SAT testing center amongst private schools in Shanghai.
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in mainland China. SMIC provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to the 28 nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen. SMIC also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong. For more information, please visit www.3dsentson.com.
Safe Harbor Statements
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical information, "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements under "Second Quarter 2016 Guidance", "CapEx Summary" and the statements contained in the quotes of our CEO regarding our target for sustained profit, our revenue growth, continued demand strength and high utilization and our strategy to capture growth opportunities brought by specific markets and products are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "expect," "project," "target" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with the cyclical nature of the semiconductor industry, changes in demand for our products, competition in our markets, our reliance on a small number of customers, orders or judgments from pending litigation, intensive intellectual property lawsuits in semiconductor industry, financial stability in end markets, general economic conditions and fluctuations in currency exchange rates.
Investors should consider the information contained in SMIC's filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on 20-F filed with the SEC on April 25, 2016, especially the consolidated financial statements, and such other documents that SMIC may file with the SEC or The Hong Kong Stock Exchange Limited ("SEHK") from time to time, including current reports on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on SMIC's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this press release may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release. Except as may be required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.
SMIC Media Contact:
Terry Ding
Tel: +86-21-3861-0000 x16812
Email: Terry_Ding@3dsentson.com
