China's SMIC pours $8.87 billion into building a new chip plant in Shanghai The planned capacity is 100,000 wafer starts per month [Adrian Potoroaca] The big picture: SMIC is one of several chipmakers that are part of China's plan to become more self-reliant and create a world-class semiconductor industry. The company aims to one day compete with the likes of Samsung and TSMC, but in the meantime it's cautiously building manufacturing capacity for mature process technologies that are used in a variety of applications. China's largest foundry today announced it will build a new chip manufacturing plant in Shanghai as...