TAIPEI -- China's top contract chipmaker Semiconductor Manufacturing International Co. has sharply increased its planned capital expenditure for a second time this year as it downplayed the impact of Washington's clampdown on its biggest client, Huawei Technologies.
"We are not commenting on a specific customer, but we will fully follow the international regulations and we will absolutely not violate the international rules," SMIC Co-CEO Liang Meng-Song told investors on Friday after he was asked whether the company could still ship to Huawei. "We still have other clients lined up to produce chips with us, so we believe the impacts could be mitigated."
