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Chinese chip foundry SMIC to invest $7.5 billion in new fab in Tianjin

August 28, 2022
Source: google.com google.com
News Snapshot:
Register now for FREE unlimited access to Reuters.com SHANGHAI, Aug 26 (Reuters) – Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) (0981.HK) said it had signed a framework agreement to invest $7.5 billion for a new 12-inch foundry production line in Tianjin. The plans mark an ongoing expansion for the Shanghai-based company, which is under US sanctions related to ties to China’s military, which the company denies. It is a key part of China’s drive to build up its domestic chip sector. According to a late Friday filing, the new fab will have a production capacity of 100,000 12-inch wafers...
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China Tech Buzz Topics: agreement | Beijing | block | capital | China | Chinese | chip | chips | construction | development | EDGE | expansion | Guangdong | manufacturer | manufacturing | military | Sanctions | semiconductor | Shanghai | Shenzhen | SMIC | Taiwan | technology | Tianjin | Washington

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