bullish

Semiconductor Manufacturing International Corp (SMIC)

SMIC (0981.HK): Raising CapEx to $5bn in 2022. Exciting News, or Fierce Competition Ahead?

SMIC plans to expand capacity in Shenzhen, Tianjin and Beijing in 2022 because the unprecedently foundry demands. The Capex plan is ~US$5bn in 2022, which is more than UMC’s US$3bn.

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300 Views, 13 Feb 2022 19:59
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Patrick Liao
Taiwan Tech Focused Senior Analyst
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