TAIPEI -- China's top contract chipmaker Semiconductor Manufacturing International Co. will increase capital investment by nearly 20% this year, despite the severe industry slowdown caused by the ongoing U.S.-China trade war.
Total capital expenditure will reach $2.2 billion in 2019, up 18.7% from $1.85 billion from last year, the state-backed company's co-CEO Zhao Haijun told an investors' conference on Friday.
