A security officer stands outside Semiconductor Manufacturing International Corporation headquarters in Shanghai when it was completed in November 2001. Photo: Reuters A security officer stands outside Semiconductor Manufacturing International Corporation headquarters in Shanghai when it was completed in November 2001. Photo: Reuters
A security officer stands outside Semiconductor Manufacturing International Corporation headquarters in Shanghai when it was completed in November 2001. Photo: Reuters

China’s top chip maker SMIC gets fast-track approval for US$2.82 billion fundraising plan to bolster capital in global tech war

  • The biggest fundraising plan on Star Market gets approved by the Shanghai stock exchange within 18 days
  • Company says US laws restricting its access chip suppliers could curb output and sales

Topic |   China technology
A security officer stands outside Semiconductor Manufacturing International Corporation headquarters in Shanghai when it was completed in November 2001. Photo: Reuters A security officer stands outside Semiconductor Manufacturing International Corporation headquarters in Shanghai when it was completed in November 2001. Photo: Reuters
A security officer stands outside Semiconductor Manufacturing International Corporation headquarters in Shanghai when it was completed in November 2001. Photo: Reuters
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