US-China tech war: China’s biggest chip maker SMIC facing possible delays at new Shenzhen plant due to US restrictions

  • SMIC reported US$1.1 billion in revenue for the first quarter this year, up by 22 per cent from the same period a year earlier
  • Co-CEO Zhao said restrictions on the company’s supply chain created ‘a lot of uncertainties’ in operational continuity and further capacity building

Pedestrians walk past SMIC headquarters in Shanghai, China, on Tuesday, March 23, 2021. Photo: Bloomberg
Semiconductor Manufacturing International Corporation (SMIC), the world’s fourth-largest foundry and China’s most advanced chip maker, said it may face delays at its new plant in Shenzhen due to US restrictions, co-CEO Zhao Haijun said at a conference call on Friday.
Zhao said the company’s Shenzhen wafer fabrication plant, a joint venture between SMIC and the Shenzhen government, may experience some delays in equipment deliveries due to US restrictions.
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