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China tech

China's top chipmaker bullish as new US export rules loom

SMIC to more than double capex in 2020 as Jan-March revenue jumps 35%

SMIC is China's biggest contract chipmaker and a key part of Beijing's goal of building a domestic semiconductor ecoystem. (Photo courtesy of SMIC)

TAIPEI -- China's top contract chipmaker Semiconductor Manufacturing International Co. announced on Thursday it will sharply increase spending this year while insisting new U.S. export controls will not disrupt its operations.

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