China’s biggest chip maker, SMIC, plans to spend over US$7 billion on new plants and equipment this year (capex) in a bid for greater market share, Nikkei reports, citing Senior VP Wu Junfeng, who said capital spending will remain at the 2024 level ($7.32 billion). The company said it had limited vision into the 2nd half of the year. $SMICY $Taiwan Semiconductor(TSM.US) $SSNLF $Applied Materials(AMAT.US) $Lam Research(LRCX.US) $KLA(KLAC.US) #semiconductors #semiconductor
Source: Dan Nystedt
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