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.
SMIC said it will increase capital expenditure for 2020 by a further 30%, more than doubling last year's spending, despite the coronavirus pandemic, while co-CEO Zhao Haijun addressed questions about Washington's latest move to restrict technology exports.
