Business

China: Who needs TSMC when they have SMIC? (OTCMKTS: SMICY)

China has been making progress to lessen its dependence on foreign companies that manufacture semiconductors. According to our report titled “Mainland China’s Semiconductor and Equipment Markets: Analysis and Manufacturing Trends,” China imported 445.13 billion ICs in 2019, a 6.6% year-on-year increase. The amount of imports was $ 305.55 billion, a …

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