SMIC to use five billion dollars to expand production capacity16. February 2022
SMIC to use five billion dollars to expand production capacity
Beijing, Feb. 16, 2022
Chinese chipmaker Semiconductor Manufacturing International Corporation (SMIC) reported record sales of $5.44 billion in 2021, despite being blacklisted by the U.S. Commerce Department.
China’s largest chipmaker also announced plans to expand its production capacity and has allocated USD 5 billion for this purpose. After that, the monthly capacity could be increased by 20,000 to 150,000 8-inch wafers.
The sanctions forced the company to shift from chips for smartphones to more sophisticated nodes for automotive and industrial applications.