China’s top chip maker SMIC to build a US$9 billion factory in Shanghai amid Beijing’s push for tech self-sufficiency

//China’s top chip maker SMIC to build a US$9 billion factory in Shanghai amid Beijing’s push for tech self-sufficiency

China’s top chip maker SMIC to build a US$9 billion factory in Shanghai amid Beijing’s push for tech self-sufficiency

China’s top chip foundry Semiconductor Manufacturing International Corporation (SMIC) announced plans to build a new US$8.87 billion factory in Shanghai as it ramps up production to address the global chip shortage.The company, which is listed in Shanghai and Hong Kong, said in a corporate filing on Friday that it has signed an agreement with a Shanghai government-backed entity to build a new 28-nanometre fabrication plant in the city’s free-trade zone.The expansion adds to existing plans for…

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By | 2021-09-03T10:00:08+00:00 September 3rd, 2021|Technology|Comments Off on China’s top chip maker SMIC to build a US$9 billion factory in Shanghai amid Beijing’s push for tech self-sufficiency