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China’s SMIC lifts annual capital expenditure forecast

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By Reuters | Updated: 09 November 2023

Nov 9 (Reuters) – Semiconductor Manufacturing International Corp (0981.HK) on Thursday lifted its full-year capital expenditure forecast to around $7.5 billion.

The Chinese chip foundry had previously said it expects capital expenditure in 2023 to be roughly flat compared with 2022, which came in at about $6.35 billion.

© Thomson Reuters 2023