VeriSilicon and SMIC Jointly Announce Standard Design Platform for SMIC's Advanced 0.13-micron CMOS Process Technology

Shanghai, China - October 31, 2005 -- VeriSilicon Holdings Co., Ltd. (VeriSilicon), a leading ASIC design foundry targeted at China -based foundries, and Semiconductor Manufacturing International Corporation (''SMIC''; NYSE: SMI; HKSE: 981), one of the leading semiconductor foundries in the world, jointly announced today the release of VeriSilicon's Standard Design Platform for SMIC's advanced 0.13-micron CMOS process. The Standard Design Platform includes memory compilers for single port and dual port SRAM, Diffusion programmable ROM, Two-Port Register File Compiler, standard cell library and I/O cell library.

The Standard Design Platform was optimized specifically for high density, high speed, low power, low leakage, and has been proven in silicon through SMIC's comprehensive 0.13-micron Silicon Shuttle Prototyping Service. In addition, the design platform supports industry-leading EDA tools, including Cadence, Magma, Mentor Graphics and Synopsys.

"We have developed low power and low leakage technologies for this newly released standard design platform optimized specifically for SMIC's advanced 0.13-micron process. The technology can significantly reduce the power consumption of the IC, thereby, greatly benefiting the IC in some applications, such as handheld equipment." said Dr. Wayne Dai, President and CEO of VeriSilicon, "More than 500 customers worldwide have downloaded VeriSilicon's Standard Design Platforms for their designs and many complex, multi-million gates SoCs have achieved first silicon success and started volume production."

"Many of our chips were produced using VeriSilicon's standard design platforms for SMIC's 0.25micron, 0.18-micron, and 0.15-micron process. VeriSilicon again delivered SMIC's 0.13micron Standard Design Platform in a timely manner." said Dr. Richard Chang, President and CEO of SMIC, "VeriSilicon is one of the top design service partners for SMIC. We have jointly achieved many successful projects during our close cooperation with VeriSilicon in the past four years. VeriSilicon's standard design platforms, together with their SoC design capability, coupled with SMIC's advanced technologies, enable both of our businesses to further grow inside and outside of China."

About VeriSilicon Holdings Co., Ltd.
VeriSilicon Holdings Co., Ltd. is a fabless ASIC design foundry focusing on providing semiconductor IP, design services and turnkey services including manufacturing, packaging, testing, and delivery. VeriSilicon has operation centers in Shanghai, China, Silicon Valley, US, Taipei, Taiwan, and Tokyo, Japan to service worldwide customers. Over 400 customers worldwide have licensed VeriSilicon's IPs and Standard Design Platforms (SDPs), including standard cell libraries, IO cell libraries, memory compilers, optimized specifically for wafer foundries, such as Semiconductor Manufacturing International Corporation (SMIC), covering 0.13um, 0.15um, 0.18um and 0.25um process technologies. VeriSilicon has achieved the first silicon success and started volume production of many complex, multi-million gates ASICs using 0.18um and below technologies at China based wafer foundries. VeriSilicon is the first and only ARM certified design center (ATAP) and the first and only LSI certified ZSP design center in mainland China. In 2005, VeriSilicon has been names one of the Red Herring 100 Private Companies of Asia. For more information, please visit www.verisilicon.com.

About SMIC
SMIC (NYSE: SMI, SEHK: 0981.HK) is one of the leading semiconductor foundries in the world, providing integrated circuit (IC) manufacturing at 0.35-micron to 0.11-micron and finer line technologies to customers worldwide. Established in 2000, SMIC has four 8-inch wafer fabrication facilities in volume production in Shanghai and Tianjin. In the first quarter of 2005, SMIC commenced commercial production at its 12-inch wafer fabrication facility in Beijing. SMIC also maintains customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. As part of its dedication towards providing high-quality services, SMIC strives to comply with or exceed international standards and has achieved ISO9001, ISO/TS16949, OHSAS18001, TL9000, BS7799 and ISO14001 certifications. For additional information, please visit http://www.smics.com.