Chinese chip foundry SMIC to invest $7.5 billion in Tianjin

SHANGHAI (Reuters) - Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Friday said it signed a framework agreement for a 12-inch foundry production line in Tianjin with registered capital of $5 billion and planned investment of $7.5 billion.

(Reporting by Josh Horwitz; Editing by David Goodman)