SMIC to invest $8.87 billion in chipmaking plant in Shanghai

On Friday, China’s Semiconductor Manufacturing International Corp said, it will invest $8.87 billion to build a chip plant in Shanghai. The development underscores Beijing’s efforts to boost its independence in the chip manufacturing sector. The development comes at a time when global chipmakers are struggling to fulfill orders from the electronics and automotive industries triggering new…

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Japan’s Kioxia Holdings Corp to build new NAND memory chip production line to meet surging demand across industry sectors

On Thursday, Japan’s Kioxia Holdings Corp stated, it would build a new production line for NAND memory chips in central Japan in order to meet surging demand for data storage across industry sectors ranging from smartphones to self-driving cars. The new line, the seventh for Kioxia, will be built at its existing plant in Yokkaichi,…

Toyota Motor Corp-Panasonic Corp joint venture builds lithium-ion battery production line in Japan

On Tuesday, in a statement Toyota Motor Corp said, it will collaborate with Panasonic Corp to create a joint venture for producing batteries in Japan. To this end, the duo will establish a production line in Western Japan which will manufacture lithium-ion batteries for hybrid vehicles starting from 2022. The production line will have a…

China’s biggest lead producer Henan Yuguang Gold and Lead eyeing battery production

In a strategic move Henan Yuguang Gold and Lead is studying plans on setting up a lead-acid battery production line as part of a downstream expansion. Company officials from Henan Yuguang Gold and Lead, China’s largest lead producer stated, the company plans on setting up a lead-acid battery production line as part of a downstream…