An engineer checks equipment at a plant owned by Semiconductor Manufacturing International Corp. (SMIC) in Beijing in this file photo. China’s State-backed funds pumped US$2.25 billion into a Shanghai-based SMIC wafer plant to support advanced chip making. SMIC’S stake in the Shanghai facility will drop from 50.1 percent to 38.5 percent. The plant has a capacity to produce 6,000 14-nanometer wafers a month and plans to boost that to 35,000. Xinhua