SMIC to Make investments $8.87 Billion for New Chip Plant in Shanghai PC/Laptops By Newsworldpress Last updated Oct 30, 2021 Share SMIC will make investments $8.87 billion (roughly Rs. 64,830 crores) to construct a chip plant in Shanghai, increasing capability amid a worldwide chip scarcity as Beijing pushes to spice up independence within the sector. The growth by China’s largest chipmaker comes because the scarcity rattled the automotive and electronics industries, spurring new capability plans by corporations like Taiwan Semiconductor Manufacturing Corp and GlobalFoundries. SMIC mentioned it agreed to construct a manufacturing line with month-to-month capability of 100,000 12-inch wafers...