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2021-03-18
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Top China Chipmaker Gets Government Funds for $2.4 Billion Plant
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The partners aim to draw third-party investment, begin production by 2022 and eventually produce 40,000 12-inch wafers a month. Its shares rose as much as 3% Thursday.</p>\n<p>China wants to build a coterie of technology giants that can stand shoulder-to-shoulder with Intel Corp. and Taiwan Semiconductor Manufacturing Co. While specifics of that endeavor won’t emerge for months, Premier Li Keqiang has pledged to boost spending and drive research into cutting-edge chips in the country’s latest five-year targets, laying out a technological blueprint to vie for global influence with the U.S.</p>\n<p>Beijing is moving swiftly to cut a dependence on the West for crucial components like chips, an issue that became more urgent after a global shortage of semiconductors worsened during the pandemic. Washington has also blacklisted major Chinese tech firms including SMIC, cutting it off from American technology while severely impairing its ability to procure the chipmaking gear it needs. It remains unclear whether the Biden administration might allow U.S. firms to resume selling to SMIC on a large scale, or ease up on pressuring allies in Europe and elsewhere to ringfence the Chinese company.</p>\n<p>Tie-ups with the government may prove essential in achieving the country’s ambitions. Chinese chipmakers aim to progress past the more mature 28 nm nodes -- now used in industries from automaking to TVs -- but need billions of dollars and years of trial-and-error to get into more sophisticated semiconductors for gadgets like smartphones.</p>\n<p>SMIC’s Shenzhen project would mark <a href=\"https://laohu8.com/S/AONE\">one</a> of the few plants in the country focused on larger 12-inch rather than 8-inch wafers, which save on cost because more chips can be spliced from it, but are far more difficult to fabricate. SMIC already operates fabs or fabrication plants in four cities, including Beijing and Shanghai. It will own 55% of the proposed new plant, with a government-owned entity owning up to a 23% stake.</p>\n<p>“Silicon wafer is a fundamental raw material in semiconductor manufacturing, yet it is also <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the areas in China’s semiconductor supply chain that has the lowest level of local production, especially 12-inch silicon wafers,” Li Wei, executive vice president of the National Silicon Industry Group, a state-backed wafer manufacturer, said at an industry conference in Shanghai Wednesday.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top China Chipmaker Gets Government Funds for $2.4 Billion Plant</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTop China Chipmaker Gets Government Funds for $2.4 Billion Plant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 10:25 GMT+8 <a href=http://bloomberg.com/news/articles/2021-03-18/top-china-chipmaker-gets-government-funds-for-2-4-billion-plant?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SMIC has inked an agreement with Shenzhen’s government\nThe project is the first to emerge from Beijing’s masterplan\n\nSemiconductor Manufacturing International Corp. will build a $2.35 billion plant ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-18/top-china-chipmaker-gets-government-funds-for-2-4-billion-plant?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688981":"中芯国际","09086":"华夏纳指-U","03086":"华夏纳指","TSM":"台积电","INTC":"英特尔","00981":"中芯国际"},"source_url":"http://bloomberg.com/news/articles/2021-03-18/top-china-chipmaker-gets-government-funds-for-2-4-billion-plant?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120953134","content_text":"SMIC has inked an agreement with Shenzhen’s government\nThe project is the first to emerge from Beijing’s masterplan\n\nSemiconductor Manufacturing International Corp. will build a $2.35 billion plant with funding from the government of Shenzhen, the first major project to emerge from China’s masterplan to match the U.S. in advanced chipmaking.\nSMIC has agreed to a joint venture with the southern municipality in which it will develop and operate a chipmaking plant that can produce silicon of 28 nanometers or above, it said in a stock exchange filing. The partners aim to draw third-party investment, begin production by 2022 and eventually produce 40,000 12-inch wafers a month. Its shares rose as much as 3% Thursday.\nChina wants to build a coterie of technology giants that can stand shoulder-to-shoulder with Intel Corp. and Taiwan Semiconductor Manufacturing Co. While specifics of that endeavor won’t emerge for months, Premier Li Keqiang has pledged to boost spending and drive research into cutting-edge chips in the country’s latest five-year targets, laying out a technological blueprint to vie for global influence with the U.S.\nBeijing is moving swiftly to cut a dependence on the West for crucial components like chips, an issue that became more urgent after a global shortage of semiconductors worsened during the pandemic. Washington has also blacklisted major Chinese tech firms including SMIC, cutting it off from American technology while severely impairing its ability to procure the chipmaking gear it needs. It remains unclear whether the Biden administration might allow U.S. firms to resume selling to SMIC on a large scale, or ease up on pressuring allies in Europe and elsewhere to ringfence the Chinese company.\nTie-ups with the government may prove essential in achieving the country’s ambitions. Chinese chipmakers aim to progress past the more mature 28 nm nodes -- now used in industries from automaking to TVs -- but need billions of dollars and years of trial-and-error to get into more sophisticated semiconductors for gadgets like smartphones.\nSMIC’s Shenzhen project would mark one of the few plants in the country focused on larger 12-inch rather than 8-inch wafers, which save on cost because more chips can be spliced from it, but are far more difficult to fabricate. SMIC already operates fabs or fabrication plants in four cities, including Beijing and Shanghai. It will own 55% of the proposed new plant, with a government-owned entity owning up to a 23% stake.\n“Silicon wafer is a fundamental raw material in semiconductor manufacturing, yet it is also one of the areas in China’s semiconductor supply chain that has the lowest level of local production, especially 12-inch silicon wafers,” Li Wei, executive vice president of the National Silicon Industry Group, a state-backed wafer manufacturer, said at an industry conference in Shanghai Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/324744388"}
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