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Semiconductors

China chipmaker SMIC keeps expansion on track amid US crackdown

Co-CEO says big local production demand driving revenue growth, outlook

Nearly 70% of SMIC's revenue came from China-based customers in the July-September quarter.    © AP

TAIPEI -- Top China chipmaker Semiconductor Manufacturing International Co. says it is on track to triple production capacity in the next few years despite a U.S. blacklisting, as the company aims to capture rapidly growing domestic demand.

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