ASML N : Chinese Chip Maker SMIC Orders $1.2 Billion in Equipment From ASML

By Yang Jie

Leading Chinese chip maker Semiconductor Manufacturing International Corp. said Wednesday that it has placed an order with ASML Holding NV for more than $1.2 billion in chip-making equipment.

SMIC also said it extended its procurement contract with the Dutch company to the end of this year.

Last year, the Trump administration in the U.S. placed restrictions on exports to SMIC, making it difficult for companies in the U.S. and some other countries to supply the Chinese company, especially with top-tier equipment.

SMIC is at the forefront of the Chinese government's campaign to establish an independent semiconductor industry.

Write to Yang Jie at [e-mail]

(END) Dow Jones Newswires

03-03-21 0758ET