China’s greatest semiconductor foundry has put aside a report quantity for capability enlargement in 2022, after its income greater than doubled in 2021 because of sturdy demand for chips.
Semiconductor Manufacturing Worldwide Corp (SMIC) has earmarked US$5 billion for capital expenditure this yr, up from US$4.5 billion in 2021. The funding might enhance its month-to-month capability by 130,000 to 150,000 8-inch equal wafers, the corporate mentioned.
The larger funding plan got here after SMIC reported that web income in 2021 hit US$1.7 billion, greater than double the earlier yr’s US$716 million, even supposing the corporate was placed on a US