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

Beijing-backed SMIC downplays risk of losing Huawei orders

20200807 SMIC

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

CHENG TING-FANG, and LAULY LI, Nikkei staff writers

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.

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