Posted inChina

China takes first baby step towards chip self-reliance

China’s leading chipmaker Semiconductor Manufacturing International Corp (SMIC) plans to build a new US$2.35 billion factory in Shenzhen after striking a deal with ASML Holding of the Netherlands, according to news reports. The Shanghai-based SMIC foundry disclosed in filings to the city’s bourse that it had secured a $1.2 billion volume procurement deal with ASML’s Shanghai subsidiary […]