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Companies

Chinese chipmaker takes on TSMC and Intel with cutting-edge tool

SMIC's $120m order shows zeal to hone domestic tech amid US trade spat

TAIPEI -- Semiconductor Manufacturing International Co., China's top state-backed contract chipmaker, has placed an order for one set of extreme-ultraviolet lithography equipment, the costliest and most advanced chip production tool, to close technology gaps with market leaders and to secure the supply of critical gear amid trade tensions between the U.S. and China, according to people familiar with the matter.

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