China’s SMIC Accelerates Capacity Buildout as Chip War Evolves
- SMIC sees customers win new business on geopolitical tensions
- China urges companies to prioritize use of locally-made chips
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Semiconductor Manufacturing International Corp. is expediting its plans to build more capacity as a US-led multinational campaign is putting more restrictions on China’s access to advanced foreign technologies.
“Some of our customers have won new opportunities due to geopolitics-induced changes in the supply chain,” SMIC Co-Chief Executive Officer Zhao Haijun told analysts during a post-earnings call on Friday. “We are growing capacity at a speed faster than originally planned.”