China’s Semiconductor Manufacturing International Corp. has earmarked Shanghai for a $8.87 billion chip manufacturing facility, according to Reuters.
- The facility is expected to boost chip production by a monthly capacity of 100,000 12-inch wafers, amid China’s emphasis on becoming independent in chip making.
- SMIC’s plan will focus on integrated circuit foundry and related technology services on process nodes having at least 28-nanometers.
- The investment plan will be backed by Lingang FTZ, a joint venture partner, although SMIC will seek other investors with at least $5.5 billion registered capital.
SMIC’s move happens even as the world continues to wrestle with chip shortages, with rivals such as the Taiwan Semiconductor Manufacturing Corp also boosting capacity.
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