China’s largest manufacturer of microchips SMIC this year increased by 200% Sergei Dragun | 07.07.2020
On Tuesday, he announced a major sale of shares for 6.6 billion dollars.
Contract manufacturer of semiconductors is regarded as a key player in China’s effort to become self-sufficient in this industry.
Investments should help SMIC to catch up with TSMC and Samsung Electronics, two chip manufacturers with much more advanced options.
Beijing has made semiconductors a key pillar of their plan of “Made in China 2025” and plans by 2025 to produce 70% of the microchips. Now the country is investing in billions
USD.
A trade war between the U.S. and China strengthened the attention of Beijing to the chips. Huawei, one of China’s largest companies in the field of mobile communications technology 5G, underwent a series of sanctions by the
USA.
Now Huawei relies on the production of chips at TSMC, but had a small part of the orders to the factories SMIC. However, technology SMIC lags behind TSMC technology.
technology, manufacturing
Samsung
