Source: Tech – South China Morning PostChina’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…Read More