Bloomberg:
China's SMIC will spend $8.87B to build a plant on the outskirts of Shanghai and set up a $5.5B joint venture with Shanghai's government to oversee the project — - SMIC to set up a $5.5 billion JV in the city's free trade zone — The company is pivotal to China's broader chip ambitions
from Techmeme https://ift.tt/2Ve3o11
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