SMIC's fab utilization rate is over 100%. Even though they are restricted from developing advanced technology, they are still growing." Plus, SMIC and other China-based chipmakers continue to build fabs, albeit for more mature processes. According to SEMI's "World Fab Forecast Report," here are some of China's current and future fab projects: Hua Hong has three 200mm fabs and is ramping up its first 300mm facility. Focusing on mature processes, Hua Hong's fabs are full.