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

South China Morning Post 02 September 2026 12h ago
China’s No 2 foundry Hua Hong invests US$2b in new fab to meet surging AI-driven demand
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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-larges
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