Top China Chipmaker SMIC to Invest $7.5 Billion to Build New Plant

What’s new: Semiconductor Manufacturing International Corp. (SMIC) announced plans to build a 12-inch wafer production line in Tianjin municipality with an investment of $7.5 billion, according to a Friday exchange filing.

As the largest contract chipmaker on the Chinese mainland, SMIC (688981.SH/00981.HK) said the new plant would have a production capacity of 100,000 wafers per month, which can provide foundry and technical services for technology nodes ranging from 28nm to 180nm.