(Yicai Global) Nov. 22 -- The stock price of Jinhong Gas jumped after the industrial gas producer landed a CNY1.2 billion (USD188 million) order for electronic gases from a unit of Semiconductor Manufacturing International Corporation, China’s biggest chipmaker.

Jinhong Gas [SHA:688106] finished today 7.4 percent up at CNY28 (USD4.39), after earlier gaining as much as 10.3 percent.

Jinhong Gas signed a long-term supply contract with Beijing-based Semiconductor Technology Innovation Center on Nov. 19. The firm will provide STIC with nitrogen, hydrogen, oxygen, helium, carbon dioxide, instrument air, and compressed air of different purity and specifications from next April 30 to June 15, 2037. Suzhou-based Jinhong Gas will also install gas supply facilities for STIC.

STIC is a joint venture between integrated circuit makers, universities, and research and development institutions specialized in the design and development of integrated circuits and semiconductor technologies. SMIC has a 25 percent stake in the JV.

Editor: Futura Costaglione