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Huali Microelectronics started construction of a 38.7 billion yuan ($387M) 12-inch advanced process IC production line in Pudong, Shanghai. The line will produce 28nm and below chips.
“总投资387亿元的华力12英寸先进工艺集成电路生产线建设项目在浦东康桥工业区正式开工。”chinaaet.com
Summarized from public sources; check the original articles before acting on it.