China’s Semiconductor Manufacturing International Corp. has reportedly been ramping up its chip production with domestic tools, a move that could potentially counteract U.S. export restrictions. What Happened: SMIC, China’s leading chip manufacturer, is incorporating homegrown semiconductor-production equipment into its manufacturing line at its new Jingcheng facility in Beijing. Despite being several generations behind industry leaders like Taiwan Semiconductor Manufacturing Co., SMIC is aggressively reducing its reliance on American tools, reported the Wall Street Journal, citing a person fa…
