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208 China’s SMIC sees a strong domestic demand despite chip shortages, US sanctions

Tech Wire Asia
Dashveenjit Kaur @ Tech Wire Asia 2 place · 02/14/2022 19:30 EDT

China’s SMIC sees a strong domestic demand despite chip shortages, US sanctions

Despite SMIC being a US trade blacklist, and facing chip shortages, it still reported record revenue and a surge in profit for 2021. The company plans to spend US$5 billion for three new plants in Beijing, Shanghai and Shenzhen. SMIC is confident that domestic demand will insulate it from any global shocks. Despite having odds... Read more »

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