https://www.reuters.com/article/china-smic/chinas-smic-to-invest-8-87-billion-for-new-chip-plant-in-shanghai-idUSKBN2FZ0OB

China's Semiconductor Manufacturing International Corp will invest $8.87 billion to build a chip plant in Shanghai, it said on Friday, expanding capacity amid a global chip shortage as Beijing pushes to boost independence in the sector.