Chinese chip foundry SMIC to invest $7.5 bln in Tianjin

A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) following the coronavirus disease (COVID-19) outbreak in Shanghai, China October 14, 2020. REUTERS/Aly Song

SHANGHAI, Aug 26 (Reuters) – Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) (0981.HK) on Friday said it signed a framework agreement for a 12-inch foundry production line in Tianjin with registered capital of $5 billion and planned investment of $7.5 billion.

Reporting by Josh Horwitz
Editing by David Goodman

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