SHANGHAI: China's biggest chipmaker SMIC is set to follow its staggering US$6.6 billion share sale with its Shanghai market debut on Thursday, just as Sino-U.S. tension widens the chasm it wants to cross to reach global leader TSMC, industry insiders said.
Even if SMIC acquired technology in its race to catch Taiwan Semiconductor Manufacturing Co Ltd , the 20-year-old firm lacks the intellectual property and process know-how to win top customers for at least a decade, experts said. Of the 46.3 billion yuan proceeds, SMIC plans to spend 40per cent building a plant making 12-inch silicon wafers to produce chips with 14 and 7 nanometre technology. That would make it capable of taking high-end chip orders from the likes of Nvidia, Qualcomm and Huawei chip unit HiSilicon.
Of immediate risk are U.S. restrictions on firms using U.S. technology and markets that do business with Huawei.
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