ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
China tech

China's top chipmaker ups capex to $6.7bn after bumper quarter

Beijing-backed SMIC downplays risk of losing Huawei orders

China's top chipmaker SMIC is aggressively increasing its capital expenditure plans for 2020. (Source photos by Reuters and AP)

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."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more