Technical Sector Sample Clauses

Technical Sector. 3.1.1.1 To develop advanced communication logic process technology and IP database based on the core business of SMIC and the core business of Datang Holdings and Datang Subsidiaries. Under the premise that SMIC agrees to develop advanced process technology and pertinent IP database for the purpose of the chip foundry for Datang Holdings and Datang Subsidiaries, the Parties agree to enter into a strategic cooperative partnership. 3.1.1.2 SMIC undertakes to provide its existing R&D equipment and human resource for the development of the following technologies, and Datang Holdings undertakes to provide pilot verification products for the development of the following process technologies and IP database, and the funding method for the development cooperation program of these technologies shall be separately decided by the Parties through consultation based on the principle of market operations: 3.1.1.2.1 [***]; 3.1.1.2.2 [***] 3.1.1.3 The Parties agree to engage in cooperation with each other in the development of IP database. Under equal conditions, SMIC shall recommend in priority the IP of Datang Subsidiaries to be used with compensation for the manufacture of third parties’ chips.