SMIC joins Shenzhen government in US$2.35 billion chip foundry as China pushes for self-sufficiency in semiconductors

Source: South China Morning PostChina’s leading chip maker Semiconductor Manufacturing International Corporation (SMIC) said it has entered into an agreement with the Shenzhen government to build a new wafer fabrication plant in the southern tech hub, adding more capacity amid a global chip shortage.SMIC Shenzhen will focus on mature chipmaking technologies of 28-nanometer and above, with the aim of producing 40,000 12-inch wafers per month, according to a stock filing from SMIC on Wednesday. Production at the new factory is…Read More

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