SMIC receives $2.45B state-backed capital for Beijing wafer plant

China's SMIC received $2.45 billion of state-backed capital for a new joint venture wafer plant in Beijing, along with a $460 million capital injection into an existing joint venture in Ningbo.

“China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has been handed $2.45 billion of state-backed capital for a new joint venture wafer plant in Beijing.”asiafinancial.com

• 1 source
• asiafinancial.comChipmaker SMIC handed $2.45 billion state cash boostSean O'Meara, Iris HongDec 16, 2020

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