12:19 - 3.09.2021
September 3, Fineko/abc.az. The largest semiconductor manufacturer in China, SMIC Corporation, will invest $8.87 billion in the construction of a new chip manufacturing plant in the Lingang Free Trade Zone in Shanghai.
ABC.AZ reports that the company that is the number one chip manufacturer in China, said that the plant will be able to produce 100,000 chips a month.
The company's management announced that production at the plant will be aimed at the automotive sector, which is experiencing difficulties with the supply of chips during the pandemic.
The company is also going to build a factory in Shenzhen to produce 40,000 chips a month for $2.35 billion.
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