Chinese semiconductor maker SMIC says it will build a $2.35B plant in Shenzhen, with funding from the government, and plans to begin production of chips in 2022 (Bloomberg)

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Bloomberg:
Chinese semiconductor maker SMIC says it will build a $2.35B plant in Shenzhen, with funding from the government, and plans to begin production of chips in 2022  —  – SMIC has inked an agreement with Shenzhen’s government  — The project is the first to emerge from Beijing’s masterplan

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