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Chinese Chip Makers Push Ahead With Expansion – SCMP

Semiconductor Manufacturing International Corporation said its capital expenditure in 2022 will be about US$5 billion


China chipmaker SMIC
SMIC, China’s largest chipmaker, is the target of increasing concern among US lawmakers due to suspected ties to defense or surveillance technology. Photo: AFP

 

China’s top chip foundries are pushing ahead with capacity expansion plans, helped by record-high revenues and profits on the back of strong demand and in the face of US threats to further restrict their access to advanced technologies, the South China Morning Post reported.

Semiconductor Manufacturing International Corporation said its capital expenditure in 2022 will be about US$5 billion with most of the funds used for three new fab projects in Beijing, Shenzhen and Shanghai as well as the expansion of existing plants.

Read the full report: South China Morning Post 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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