Name: China's top chipmaker bullish as new US export rules loom
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China's top chipmaker bullish as new US export rules loom

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Created with Sketch.Created with Sketch.TAIPEI -- China's top contract chipmaker Semiconductor Manufacturing International Co. announced on Thursday it will sharply increase spending this year while insisting new U.S. export controls will not disrupt its operations.SMIC said it will increase capital expenditure for 2020 by a further 30%, more than doubling last year's spending, despite the coronavirus pandemic, while co-CEO Zhao Haijun addressed questions about Washington's latest move to restrict technology exports.Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review ourto learn how you can update your cookie settings.

Created with Sketch.Created with Sketch.TAIPEI -- China's top contract chipmaker Semiconductor Manufacturing International Co. announced on Thursday it will sharply increase spending this year while insisting new U.S. export controls will not disrupt its operations.SMIC said it will increase capital expenditure for 2020 by a further 30%, more than doubling last year's spending, despite the coronavirus pandemic, while co-CEO Zhao Haijun addressed questions about Washington's latest move to restrict technology exports.Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the...

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Cheng Ting Fang

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China's top chipmaker bullish as new US export rules loom

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