SMIC has signed an agreement to establish a 100,000 wafers per month fab in the Lin-Gang Special Area, a free-trade zone run by the city. The facility would focus on more mature technology of 28 nanometers or older, the company said in a filing. SMIC shares jumped as much as 2.7 percent in Hong Kong and 4.8 percent in Shanghai. The envisioned plant comes on top of a US$2.35 billion factory SMIC is planning in Shenzhen that would be able to make as many as 40,000 12-inch wafers per month. Shanghai-based SMIC is China’s best hope for gaining clout in advanced chips used in devices from smartphones to base stations.

Source: Taipei Times September 03, 2021 15:56 UTC