WebSMIC expects to spend $5 billion in 2024 to expand existing facilities and roll out three new fab projects. By comparison, TSMC plans to boost capital expenditures this year to as much as $44 billion to meet demand the company believes could grow by up to 20 percent during the next few years. Web25 Jul 2024 · SMIC’s 7-nm chip process a wake-up call for US Reports of a China chip-making breakthrough are behind the curve but US sanctions are increasingly too little, too late and out of date by Scott Foster July 25, 2024 China's SMIC chipmaker is working to transcend US sanctions. Image: Twitter / Global Times
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