China's SMIC will spend $8.87B to build a plant on the outskirts of Shanghai and set up a $5.5B joint venture with Shanghai's government to oversee the project Bloomberg : Bloomberg 2021-09-04 SMIC, Bloomberg, China, Shanghai Related Coverage SMIC to build $8.87bn Shanghai chip plant in challenge to TSMC Nikkei Asia China's SMIC pours $8.87 billion into building a new chip plant in Shanghai TechSpot China's SMIC slaps TSMC in the face with a glove phonearena.com China's SMIC to Build $8.87 Billion Chip Production Line in Shanghai Wall Street Journal China's SMIC to invest $8.87 bln for new chip plant in Shanghai Reuters SMIC to Build 28nn Chip Production Line in Shanghai worth $8.8 Billion pandaily.com China's top chip maker SMIC plans US$9 billion plant in Shanghai South China Morning Post