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China’s high chip foundry Semiconductor Manufacturing Worldwide Company (SMIC) introduced plans to construct a brand new US$8.87 billion manufacturing facility in Shanghai because it ramps up manufacturing to handle the worldwide chip scarcity.The corporate, which is listed in Shanghai and Hong Kong, stated in a company submitting on Friday that it has signed an settlement with a Shanghai government-backed entity to construct a brand new 28-nanometre fabrication plant within the metropolis’s free-trade zone.The growth provides to current plans for…
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