8 billion vs 73 billion for tsmc. Seems so disappointing. I thought SMIC was a big deal but its revenue is so little compared to tsmc. And it's Capex is laughable.
If US tech firms can spend 100 billion per year each on just data center construction then China should be spending 500 billion on semiconductors and out of those 500, 100 billion should be spent by smic considering they are the leading fab Corp.
China should really step up the game if they truly want to catch up. Invest big in smic and help them grow faster.
this massage proved you absolutely know nothing about semiconductor.
let suppose, someone tell Chinese government if you allocate 100 billion then tomorrow China will be self-sufficient in advanced semiconductor. i m damn sure administration would love to give even 200 billion. you seriously believe Richest government on planet earth couldn't spend 50-100 billion.. but semi fabs don't work like this.
suppose it took TSMC 5-7 years to start volume production of 5nm/3nm. but you can't get there in a year by spending $100b.. China also take the same steps maybe little faster. for example SMIC 7nm/7+nm took lesser time.
SMIC also completed the R&D of 5nm and 3nm but awaiting EUV and other tools. please start reading this thread.
and for your kind information..
TSMC capex is $38-$42 billion for 2025 year..
The national Chip spending should be several 100 billion compared to current big fund budget of just 48 billion.
the national IC big fund made two invest of total ¥164 billion out of its phase 3 funding pool. 1st/2nd investment was established in May 2024. Phase 3 has gathered total funding of 344 billion RMB.. and this is just the one investment fund.
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Phase II
in 2023, China launched a new state-backed investment fund that aims to raise about 300 billion RMB for its semiconductor sector.
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last month, The Bank of China, has announced its decision to provide at least 1 trillion Yuan in funding to companies in the Artificial Intelligence related industries. this is also indirectly support to advanced semiconductor .
if you summed up all, then total funding goes beyond 2+ Trillion RMB.. you know what,
how massive this amount is in China.
and for GOD sake, don't compare Dollar with RMB in China.. conversation rate is useless in mainland coz of reasons. this is actually several 100 billions in mainland China. the real money.