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China-Japan-Koreas

Background on China's top chip maker SMIC

2020-06-15

[Twitter]

Click on highlighted article in Twitter post

It wants to make cutting-edge chips for China. It wants to catch up to Taiwan's 5 years' lead. It wants less fuss from the NYSE, and the US govt. It wants $2.8bn from investors. It also really, really doesn't want media interviews. My dive into SMIC @ft https://t.co/Q81Nvf3NME
— Yuan Yang (@YuanfenYang) June 15, 2020

Posted by:3dc

#3 If China has All the Money in the World and All the Tea In China, why the hell do they need the NYSE to build a chip foundry? I thought they were all rich with all their new skyscrapers and shit?

Posted by: Thing From Snowy Mountain 2020-06-15 12:58

#2 It wants less fuss from the NYSE

That’s nice. As small children we learn that wanting does not guarantee getting.

Posted by: trailing wife 2020-06-15 09:18

#1 Semiconductor Manufacturing International Corp. (SMIC), hq. is in Shanghai and it is incorporated in the Caymans!!) A semiconductor foundry company, its the largest in China. It is found throughout mainland China, and has offices in the United States, Italy, Japan, Taiwan, and Hong Kong. In 2019 SMIC announced the proposed issue of US$600 Million 2.693% Bonds Due 2025.

Posted by: b 2020-06-15 08:57

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