Chipmaker SMIC to benefit most from China's new semiconductor policy He acknowledged, however, that “abandoning an ADR is not something you see very often”. China's mainland chipmaker Semiconductor Manufacturing International Corp (SMIC) plans to publicly trade after preparing a $7.5bn initial offering, Caixan Global revealed on Tuesday. We want to hear from you.The share sale is the biggest on the mainland in a decade since Agricultural Bank of China's more than $22 billion dual Hong Kong-Shanghai listing in 2010, according to Dealogic data.That valuation has raised some eyebrows given SMIC's technological gap with competitors.
If you become one of our top bloggers, you will also have the chance to be paid for your contributions.According to SMIC, the funds would help the company build chip production and research facilities, among others. Shanghai-based chip maker Semiconductor Manufacturing International Corp has secured an investment worth $2.2 billion dollars from Chinese state investors, the company announced on Friday. Huawei's list of 92 core suppliers has been announced, SMIC won the Best Delivery award(Chinese Version) SMIC, China’s biggest chipmaker, kicked off a major 46.28 billion yuan ($6.6 billion) share sale on Tuesday. Find the latest SEMICONDUCTOR MANUFACTURING INT (SMICY) stock quote, history, news and other vital information to help you with your stock trading and investing. SMIC benefits the most from China’s push for self sufficiency in semiconductor supply. China’s Semiconductor Manufacturing International Corporation (SMIC) has announced that it will begin recognizing 14nm revenue from volume production by the end of 2019, a … SHANGHAI, Feb. 20, 2020 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC", the "Company"; SEHK: 981; OTCQX: SMICY) one of the leading semiconductor foundries in the world, announces that on 20 February 2020, the Company and the Joint Lead Managers (J.P. Morgan, ICBC International, Barclays, UBS, SPDB International, ICBC MACAU, Silk Road International and BNP … Find the latest SEMICONDUCTOR MANUFACTURING INT (SMICY) stock quote, history, news and other vital information to help you with your stock trading and investing. Users are obliged abide by national and international laws. China aims to produce 70% of the semiconductors it uses by 2025, and that drive is backed by billions of dollars of investment by the government.Sign up for free newsletters and get more CNBC delivered to your inboxSMIC is initially issuing 1,685,620,000 shares at 27.46 yuan per share. Other unknown or unpredictable factors also could have material adverse effects on our future results, performance or achievements. First of all, they are lagging behind but the second angle is that they have further room for future growth," Ronald Wan, non-executive chairman at Partners Financial Holdings, told CNBC's "Squawk Box Asia" on Tuesday.Beijing has made semiconductors a key pillar of its so-called Made In China 2025 plan, an initiative to boost the production of higher value products.
As a registered user, you will receive points for your actions on our website.By clicking on the "Accept & Close" button, you provide your explicit consent to the processing of your data to achieve the above goal.Register on Sputniknews.com and join the Sputnik team! In comparison, TSMC's price-to-earnings ratio is 22.73 for the last 12 months."What investors have been speculating right now is that SMIC ... has a lot of potential ... we need to look at future, we need to look into what will happen in five years or ten years time and so that is the reality of the situation that has been driving investors crazy about pouring money into the stock."In fact, Hong Kong-listed shares are up around 26% in the last five days and over 200% this year.Get this delivered to your inbox, and more info about our products and services.Got a confidential news tip?