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  3. China’s No 2 foundry Hua Hong invests US$2b in new fab to meet surging AI-driven demand

South China Morning Post

China’s No 2 foundry Hua Hong invests US$2b in new fab to meet surging AI-driven demand

Major Chinese foundry Hua Hong Grace Semiconductor is pouring US$2 billion into a massive capacity expansion in the Chinese chip production hub of Wuxi, racing to meet skyrocketing domestic demand for AI infrastructure and bypass US tech curbs. The fresh capital would fund the construction of a new 12-inch speciality line, its third facility in the eastern Chinese city, the country’s second-largest contract chipmaker said in a filing to the Hong Kong stock exchange on Tuesday. Once fully...

Continue with the complete report on the publisher’s website.

Read full article at South China Morning Post
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By South China Morning Post

2 September 2026|1 min read
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Technology & Digital Transformation
China’s No 2 foundry Hua Hong invests US$2b in new fab to meet surging AI-driven demand
China’s No 2 foundry Hua Hong invests US$2b in new fab to meet surging AI-driven demand
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