China’s SMIC says foreign clients shifting orders back to China

BEIJING: China’s top contract chipmaker, Semiconductor Manufacturing International Corp, on Friday said orders from overseas clients are increasing as the global artificial intelligence boom tightens capacity at foreign foundries.

“There are still quite a lot of ‌semiconductor capacity expansion ⁠projects and ⁠companies in China,” co-CEO Zhao Haijun said during an earnings call. “These are among the few places with available production capacity, so we are seeing many overseas customers shift their orders to be manufactured in China.”