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SMIC to Invest $8.87 Billion for New Chip Plant in Shanghai – Gadgets 360 – 152news

SMIC to Invest $8.87 Billion for New Chip Plant in Shanghai – Gadgets 360

SMIC will make investments $8.87 billion (roughly Rs. 64,830 crores) To assemble a chip plant in Shanghai, growing performance amid A worldwide chip scarcity as Beijing pushes To Increase indepfinishence Inside the sector.The enlargement by…….

SMIC will make investments $8.87 billion (roughly Rs. 64,830 crores) To assemble a chip plant in Shanghai, growing performance amid A worldwide chip scarcity as Beijing pushes To Increase indepfinishence Inside the sector.

The enlargement by China’s largest chipmaker comes As a Outcome of the scarcity rattled the automotive and electronics industries, spurring new performance plans by corporations like Taiwan Semiconductor Manufacturing Corp and GlobalFoundries.

SMIC said it agreed To assemble a manufacturing line with month-to-month performance of 100,000 12-inch wafers Inside the Lingang Free Commerce Zone (FTZ) Inside the Pudong district of China’s enterprise hub.

The plan will Think about assembleed-in circuit foundry and know-how providers On goal of nodes for 28-nanometres and above, backed by A 3 method companionship majority-owned by SMIC.

The Three method companionship companion is the Lingang FTZ, and The agency said It’d search completely different buyers Inside the agency with registered capital of $5.5 billion (roughly Rs. 40,180 crores).

Other corporations with crops Inside the zone are Modern Amperex Technology and Tesla.

SMIC is partly backed by China’s state-affiliated chip fund.

In the final decade, The federal authorities has poured billions from the fund into serving to home chip corporations Meet up with worldwide rivals Inside the Japan, Korea and the United Staets, although SMIC lags counterparts there. SMIC’s unveiling of The mannequin new fab follows comparable enlargement plans in current months For mannequin spanking new crops in Shenzhen and Beijing.

The agency May even be on a US authorities blacklist that denies it superior manufacturing gear from US suppliers. America cited nationwide safety considerations and SMIC has denied having ties to China’s army.

The measures disrupted The agency’s plans To maneuver into extreme-finish chip making, however its monetary efficiency has been strong As a Outcome of the chip scarcity has boosted demand.

© Thomson Reuters 2021


Source: https://gadgets.ndtv.com/mobiles/news/smic-chip-manufacturing-plant-factory-new-shanghai-to-invest-usd-8-87-billion-2528602


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