Qimonda Expands Foundry Agreement with SMIC

Qimonda Expands Foundry Agreement with SMIC

August 21, 2007

    MUNICH, Germany and SHANGHAI, China, Aug. 21
/Xinhua-PRNewswire/ -- Qimonda AG (NYSE: QI) and
Semiconductor Manufacturing International Corporation
("SMIC", NYSE: SMI; SEHK: 0981.HK) one of the
leading foundries in the world, today jointly announced
that they have signed an agreement to expand their existing
cooperation on the production of standard memory chips
(DRAMs). 
    Under the terms of the agreement, Qimonda will transfer
its 80nm DRAM trench technology to SMIC's 300mm facility in
Beijing and SMIC will manufacture DRAMs for computing
applications in this technology exclusively for Qimonda.
Furthermore, the agreement includes the option to transfer
Qimonda's 75nm technology to SMIC in the future.
    "The extension of our cooperation with SMIC
underlines our partnership commitment in Asia and it
further increases our production capabilities," said
Kin Wah Loh, CEO and President of Qimonda. 
    "We are excited to further expand our partnership
with Qimonda into 80nm manufacturing. The partnership has
continued to drive the technology advancement of SMIC's
memory strategy," said Dr. Richard Chang, President
and CEO of SMIC.

    Safe Harbour Statement 
    Information provided in this press release may contain
statements relating to current expectations, estimates,
forecasts and projections about future events that are
"forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally relate to the
company's plans, objectives and expectations for future
operations and are based upon management's current
estimates and projections of future results or trends.
Actual future results may differ materially from those
projected as a result of certain risks and uncertainties.
For a discussion of such risks and uncertainties, see
"Risk Factors" in the Company's Annual Report on
Form 20-F filed on April 2, 2007 with the U.S. Securities
and Exchange Commission. These forward-looking statements
are made only as of the date hereof, and we undertake no
obligation to update or revise the forward-looking
statements, whether as a result of new information, future
events or otherwise.

    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.
Headquartered in Shanghai, SMIC provides integrated circuit
manufacturing service at 0.35um to 90nm and finer line
technologies. SMIC has a 300mm wafer fabrication facility
(fab) under start-up and three 200mm wafer fabs in its
Shanghai mega-fab, two 300mm wafer fabs in its Beijing
mega-fab, a 200mm wafer fab in Tianjin, and an in-house
assembly and testing facility in Chengdu. SMIC also has
customer service and marketing offices in the U.S., Italy,
and Japan, and a representative office in Hong Kong. In
addition, SMIC manages and operates a 200mm wafer fab in
Chengdu owned by Cension Semiconductor Manufacturing
Corporation and a 300mm wafer fab (under construction) in
Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing
Corporation. For more information, please visit
http://www.smics.com .

    About Qimonda
    Qimonda AG (NYSE: QI) is a leading global memory
supplier with a broad diversified DRAM product portfolio.
The company generated net sales of EUR3.81 billion in its
2006 financial year and has approximately 13,000 employees
worldwide. Qimonda has access to five 300mm manufacturing
sites on three continents and operates six major R&D
facilities. The company provides DRAM products for a wide
variety of applications, including in the computing,
infrastructure, graphics, mobile and consumer areas, using
its power saving technologies and designs. Further
information is available at http://www.qimonda.com .


    For more information, please contact:

    SMIC: 
     SMIC Shanghai
     Reiko Chang
     Corporate Relations
     Tel:   [phone] x10544
     Email: [e-mail]

    Qimonda: 
    Worldwide Headquarters                    
     Ralph Heinrich 
     Tel:   [phone]
     Email: [e-mail] 

    U.S.A.
     Donna Wilson
     Tel:   [phone]              
     Email: [e-mail]   

    Asia            
     Regine Liu    
     Tel:   [phone]
     Email: [e-mail]     

    Japan
     Kenichi Sugiyama                                  
     Tel:   [phone]
     Email: [e-mail]

    Investor Relations Worldwide
     Steve Harrison
     Tel:   [phone]                                
  
     Email: [e-mail] 
                                                           
    Investor Relations Europe & Asia                   
                             
     Andreas Schaller          
     Tel:   [phone]                   
     Email: [e-mail]