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Chinese chip foundry SMIC to invest $7.5 billion in Tianjin

08/26/2022

Less than a minute

2022.08.26 14:14

Chinese chip foundry SMIC to invest $7.5 billion in Tianjin
FILE PHOTO: A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) following the coronavirus disease (COVID-19) outbreak in Shanghai, China October 14, 2020. REUTERS/Aly Son

SHANGHAI (Reuters) – Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Friday said it signed a framework agreement for a 12-inch foundry production line in Tianjin with registered capital of $5 billion and planned investment of $7.5 billion.

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08/26/2022

Less than a minute