Source: Tech – South China Morning PostChina’s biggest semiconductor foundry has set aside a record amount for capacity expansion in 2022, after its profits more than doubled in 2021 thanks to strong demand for chips.Semiconductor Manufacturing International Corp (SMIC) has earmarked US$5 billion for capital expenditure this year, up from US$4.5 billion in 2021. The investment could boost its monthly capacity by 130,000 to 150,000 8-inch equivalent wafers, the company said.The bigger investment plan came after SMIC reported that net…Read More