Published: March 19th, 2021,
Last updated: February 16th, 2022
Chinese semiconductor manufacturer Semiconductor Manufacturing International Corporation (SMIC) plans to invest €1.95 billion in a new chip factory, Bloomberg reports. To this end, the company has entered into a joint venture with the city of Shenzhen, which will help finance the factory. Production is expected to start in 2022 and will include 28-nanometer semiconductor chips. This technology is quite old. TSMC of Taiwan already mass produces 5nm chips. 28nm chips are currently still used in car manufacturing, for example.