SMIC cuts capex and R&D
China’s leading foundry, SMIC, has been cutting capex and R&D despite soaring imports of chip manufacturing equipment into China.
By David Manners, ElectronicsWeekly (September 4, 2024)
SMIC cut its H1 capex from $12 billion in H1 2023 to $8 billion in H1 2024 despite China spending $25 billion on semiconductor manufacturing equipment this year which is more than Korea, Taiwan and the US combined.
Related Semiconductor IP
Related News
- Chartered still losing money, cuts capex
- ST to 're-deploy' 1,000 engineers amid Q1 losses, CapEx cuts
- Expected Top Ten IC Industry Capex Spenders In 2010
- TSMC to reportedly boost capex, build new fab
Latest News
- HPC customer engages Sondrel for high end chip design
- PCI-SIG’s Al Yanes on PCIe 7.0, HPC, and the Future of Interconnects
- Ubitium Debuts First Universal RISC-V Processor to Enable AI at No Additional Cost, as It Raises $3.7M
- Cadence Unveils Arm-Based System Chiplet
- Frontgrade Gaisler Unveils GR716B, a New Standard in Space-Grade Microcontrollers