China’s largest chipmaker Semiconductor Manufacturing International is to double its investment in capital goods to $6.7 billion, according to a report on the Nikkei Asian Review website.
The company is somewhat flush with cash as a result of net profit skyrocketing by 644 percent in the second quarter. Part of the increase is due to Chinese telecommunications giant Huawei stockpiling chips.
Huawei is trying to prepare for any potential shortage in its supply chain caused by the ban imposed on its activities in the US and Europe. [Read more…] about China’s biggest chipmaker to double investment in capital goods to $7 billion







