SMIC: It is expected that the monthly production capacity of 12-inch wafers will increase by 60,000 pieces by the end of 2024

SMIC expects that by the end of 2024, the monthly 12-inch production capacity will increase by 60,000 pieces compared to the end of last year. Currently, SMIC has four 12-inch wafer fabs under construction in Shanghai, Beijing, Tianjin, and Shenzhen.