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China's biggest chipmaker said Friday it would put $8.87 cardinal successful a caller semiconductor works successful Shanghai, arsenic Beijing is deed by a US blacklist and a planetary spot shortage.
The state is moving highly debased connected precocious microchips pursuing a US prohibition connected galore income to the country, and aft production lines were deed by the COVID-19 pandemic.
The US authorities blacklisted Semiconductor Manufacturing International Corp (SMIC) past September implicit security concerns, denying it entree to precocious manufacturing instrumentality from American suppliers.
On Friday SMIC—which has denied links to the Chinese military—said it would determination concern into a caller spot works successful the eastbound of the country.
"The caller works successful Shanghai volition nutrient astir 100,000 12-inch wafers per month," SMIC said successful filing to the Hong Kong banal exchange.
These are older-generation chips globally successful abbreviated supply, and utilized successful everything from home appliances to self-driving cars.
"The US tech export prohibition has affected plans to make smaller, much precocious chips," the group's CEO Zhang Haijun told state-run Global Times past month.
SMIC has received billions of dollars successful enactment from Beijing and is astatine the bosom of its efforts to amended the country's technological self-sufficiency.
There has been a flurry of caller concern pledges by chipmakers aft large Chinese tech hubs announced concessions including taxation breaks and debased rents successful caller months.
SMIC announced plans to physique smaller semiconductor factories successful Beijing and Shenzhen earlier this year.
In April, Taiwan Semiconductor Manufacturing Co.—the world's biggest declaration chipmaker—said it would put $2.8 cardinal to grow its accumulation capableness successful Nanjing.
© 2021 AFP
Citation: Chinese spot elephantine to put $9 bn successful caller works arsenic US prohibition bites (2021, September 3) retrieved 3 September 2021 from https://techxplore.com/news/2021-09-chinese-chip-giant-invest-bn.html
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