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US-China tech war: Top Chinese chip maker SMIC to invest record US$5 billion in capacity expansion after profits doubled in 2021

Chinaโ€™s biggest semiconductor foundry has set aside a record amount for capacity expansion in 2022, after its profits more than doubled in 2021 thanks to strong demand for chips.
Gao Yonggang Zhao Haijun Zhou Mi Chinese Academy Of International Economic Cooperation Under China Ministry Of Commerce Taiwan Institute Of Economic Research

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