According to Yonhap, China's largest foundry Semiconductor Manufacturing International (SMIC) proposed acquisition of South Korea's largest semiconductor foundry in eastern Tech (Dongbu HiTek). Analysts believe that the move may be a competitive chip market to bring about change. The report quoted an official from the Korea Development Bank, said the bank is to negotiate and SMIC, SMIC intends to acquire east Tech. However, the official also said that negotiations with SMIC is only a preliminary stage, for details such as the price of the class, the two sides exchanged views on yet. In addition, the official said, the Eastern Tech has not held a public tender, is currently seeking to sign a private contract. Yonhap reported last August, the Eastern Group, South Korea (Dongbu Gruop) outbreak of financial crisis, intends to sell its eastern Tech financing, there was the acquisition of Chinese industry to actively express wishes. China is now the world's largest semiconductor market, to develop the local semiconductor companies has risen to national strategies. SMIC recently by China's official "IC Industry Investment Fund" shares, shares of over 10%, becoming the second largest shareholder of SMIC, development funded. In addition to the outgoing Tech intends to acquire east, SMIC last year also and Jiangsu Changjiang Electronics, China's IC industry investment fund jointly funded $ 650 million combined group holding company, the acquisition of Singapore beta giant ChipPAC (STATS ChipPAC ). SMIC has announced fiscal 2014 fourth quarter earnings on revenue of $ 485.9 million, compared with profit of $ 28.4 million, compared with the same period almost doubled profit growth last year, annual growth rate of 93.2%. SMIC forecast first quarter of fiscal year 2015, revenue quarter growth rate will reach 2-5%.