Top China Chipmaker Gets State Funds for $2.4 Billion Plant
- SMIC has inked an agreement with Shenzhen’s government
- The project is the first to emerge from Beijing’s masterplan
The Semiconductor Manufacturing International Corp. headquarters in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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Semiconductor Manufacturing International Corp. will build a $2.35 billion plant with funding from the government of Shenzhen, the first major project to emerge from China’s masterplan to match the U.S. and become more self-reliant as global chip supply dwindles.