Troubles rise for China’s biggest chipmaker SMIC
Semiconductor Manufacturing International Corporation (SMIC), China’s top chipmaker, is under mounting pressure as reports of its CEO’s looming departure and a potential U.S. sanction concern investors. The U.S. Commerce Department is looking to add dozens of companies, mostly Chinese and including partially state-owned SMIC, to its trade blacklist, Reuters and The Wall Street Journal reported … Continue reading Troubles rise for China’s biggest chipmaker SMIC
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