SMIC said a new US rule posed a potential risk to its business as it would reduce its output and sales. Photo: Shutterstock SMIC said a new US rule posed a potential risk to its business as it would reduce its output and sales. Photo: Shutterstock
SMIC said a new US rule posed a potential risk to its business as it would reduce its output and sales. Photo: Shutterstock

Chip maker SMIC plans to raise US$2.8 billion on Shanghai’s Star Market as US moves to stifle China’s tech ambitions

  • Semiconductor Manufacturing International (SMIC), which delisted from NYSE a year ago, plans to raise 20 billion yuan (US$2.8 billion) on the mainland’s Nasdaq-style Star Market
  • The biggest listing since the Star Market’s inception last July comes as Washington raises the barriers to Chinese tech firms

Topic |   Semiconductors
SMIC said a new US rule posed a potential risk to its business as it would reduce its output and sales. Photo: Shutterstock SMIC said a new US rule posed a potential risk to its business as it would reduce its output and sales. Photo: Shutterstock
SMIC said a new US rule posed a potential risk to its business as it would reduce its output and sales. Photo: Shutterstock
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