A picture of the production facility at Semiconductor Manufacturing International Corporation (SMIC) on June 8, 2014. Photo: SMIC A picture of the production facility at Semiconductor Manufacturing International Corporation (SMIC) on June 8, 2014. Photo: SMIC
A picture of the production facility at Semiconductor Manufacturing International Corporation (SMIC) on June 8, 2014. Photo: SMIC

Chinese chip maker SMIC’s US$3 billion Shanghai listing is a hedge to reduce company’s reliance on US technology

  • SMIC plans to float as many as 1.69 million new shares on Shanghai’s Star market
  • The plan could help SMIC raise more than US$3 billion

Topic |   IPO
A picture of the production facility at Semiconductor Manufacturing International Corporation (SMIC) on June 8, 2014. Photo: SMIC A picture of the production facility at Semiconductor Manufacturing International Corporation (SMIC) on June 8, 2014. Photo: SMIC
A picture of the production facility at Semiconductor Manufacturing International Corporation (SMIC) on June 8, 2014. Photo: SMIC
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