China SMIC 2025: world 3rd largest foundry, 7nm N+2 process mass production, Huawei Mate 60 chip supplier breaking US sanctions, RMB 45B revenue 2024, Shanghai Beijing Shenzhen fabs, 300mm wafer capacity 800K WPM, R&D investment RMB 6.5B 12% of revenue, targeting 5nm EUV-free process, HLMC XMCC joint ventures, automotive IGBT power semiconductors
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