SMIC is building new chip plants in Beijing, Shanghai and Shenzhen with local government support, Zhao said. "In that case, we are planning to triple our capacity for 12-inch wafers in the coming years."
asia.nikkei.com
TAIPEI -- Top China chipmaker Semiconductor Manufacturing International Co. says it is on track to triple production capacity in the next few years despite a U.S. blacklisting, as the company aims to capture rapidly growing domestic demand.
SMIC co-CEO Zhao Haijun said the Chinese national chip champion has benefited significantly from an industrywide trend of Chinese customers wanting to "localize at least a certain ratio" of production, while new foreign customers also reached out to SMIC for more production given the ongoing global crunch.
Nearly 67% of SMIC's revenue came from China-based customers in the July-September quarter. That figure was closer to 50% prior to the U.S. crackdown on Huawei and other Chinese tech players but has risen rapidly as China raced to build up its domestic supply chain in recent years.
"I would say we've seen an accelerating number of both local and foreign customers. Many of the new [Chinese] customers want to have their chips made locally by SMIC," Zhao said.
China chipmaker SMIC keeps expansion on track amid US crackdown
Co-CEO says big local production demand driving revenue growth, outlook
asia.nikkei.com
TAIPEI -- Top China chipmaker Semiconductor Manufacturing International Co. says it is on track to triple production capacity in the next few years despite a U.S. blacklisting, as the company aims to capture rapidly growing domestic demand.
SMIC co-CEO Zhao Haijun said the Chinese national chip champion has benefited significantly from an industrywide trend of Chinese customers wanting to "localize at least a certain ratio" of production, while new foreign customers also reached out to SMIC for more production given the ongoing global crunch.
Nearly 67% of SMIC's revenue came from China-based customers in the July-September quarter. That figure was closer to 50% prior to the U.S. crackdown on Huawei and other Chinese tech players but has risen rapidly as China raced to build up its domestic supply chain in recent years.
"I would say we've seen an accelerating number of both local and foreign customers. Many of the new [Chinese] customers want to have their chips made locally by SMIC," Zhao said.