In a hedge against US sanctions, Chinese semiconductor manufacturer SMIC says it will list 1.69B new shares on a Shanghai exchange, seeking to raise $3B (Bloomberg)




Bloomberg:

In a hedge against US sanctions, Chinese semiconductor manufacturer SMIC says it will list 1.69B new shares on a Shanghai exchange, seeking to raise $3B  —  – SMIC’s Hong Kong stock soars most since 2017 on the move  — The foundry is upgrading technology in the face of U.S. curbs





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