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US semiconductor giant shuts China factory hailed as ‘a miracle’, in blow to Beijing’s chip plans

Summary:
Beijing boasted that the final total investment in the GlobalFoundries plant could be US billion. The plant was intended to produce 300mm wafers, a key material in making chips, but production never started at the 65,000 square metre facility, which was completed mid-2018. Photo: Weibo

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Beijing boasted that the final total investment in the GlobalFoundries plant could be US$10 billion. The plant was intended to produce 300mm wafers, a key material in making chips, but production never started at the 65,000 square metre facility, which was completed mid-2018. Photo: Weibo

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