Chinese SMIC (Semiconductor Manufacturing International Corporation) recently announced that it has obtained China's National Semiconductor Industry Investment Fund, also known as the Big Fund, and SICIF (Shanghai Integrated Circuit Investment Fund) to speed up the production of wafers using 14 nm and more advanced process technologies, according to Chinatimes on February 1. Big Fund and SICIF will inject a total of US$ 10.24 billion into SMIC's subsidiary SMSC (Semiconductor Manufacturing South China) to obtain a stake of 27% and 23%, respectively. With strong financial support from the government, SMSC aims to churn out 35,000 wafers per month.