Friday, July 17th 2020
SMIC Makes a Debut on China STAR Market
Chinese silicon manufacturer Semiconductor Manufacturing International (SMIC) has officially made a debut on the Chinese science and technology innovation board (STAR) as of today. After submitting a proposal 16 days ago, SMIC already managed to start trading its shares on the STAR board of China's Shanghai Stock Exchange (SSE). Why this is important you might wonder? Well now SMIC can collect more funds and invest that into node development, so the Chinese semiconductor industry is about to boom. Being the biggest semiconductor manufacturer in China, SMIC takes the lead and every development from the company is big for the Chinese semiconductor industry.
SMIC is currently trading on the Stock Exchange of Hong Kong (HKEX) where it used to trade exclusively. With SSE now included, it is easier for the company to trade. SMIC also submitted a proposal last year in May to start trading on the New York Stock Exchange (NYSE) so it can get the attention of Western investors. If the company manages to successfully raise all the funds for node development, then the Chinese semiconductor industry is about to flourish.
Source:
DigiTimes
SMIC is currently trading on the Stock Exchange of Hong Kong (HKEX) where it used to trade exclusively. With SSE now included, it is easier for the company to trade. SMIC also submitted a proposal last year in May to start trading on the New York Stock Exchange (NYSE) so it can get the attention of Western investors. If the company manages to successfully raise all the funds for node development, then the Chinese semiconductor industry is about to flourish.
9 Comments on SMIC Makes a Debut on China STAR Market
All thanks to our favorite guy Donald "in denial" Trump for waking up the Chinese dragon.
Donald declare victory in the short run BUT in the long run US tech companies will lose insane amount of money.
As consumers we will benefitt from future competition in a big way.
so....
From this I suppose you'd have him do nothing and allow China to do whatever the hell they please as they intend to anyway.
China set things in action long ago to dominate and the actions they take, not the words they speak are proof of it. From Their actions in the area of the Chinese coast with the artificial islands expanding their sphere of influence to encroachment on other borders such as India and even with the deal just done with Iran, China is certainly up to something and I doubt it has the best interest of the US in mind regardless.
As for Chinese tech, they've been and still steal it from us and other countries - I know, the US isn't innocent either and to say any are innocent is just not true.
The Chinese however are beyond aggressive with it and have been since day one. What they are doing here is born of these efforts, at least in part but cannot say they didn't create some of it on their own. The Chinese are not dumb by any means when they care to do something, history has proven that many times before.
The tech company that's the subject here is but one part of China's plan of manifest destiny, which to them is imbedded culturally and what they are taught to believe as a people.
With all that going on Trump was right to challenge them because someone needed to, still needs to and that need to will continue for as long as China is what it is.
It's either that or the world at large can bend over and use some of that Chinese brand lube which you already know doesn't work worth a damn...... :eek:
For example, not exactly CPU's, but they are still buying Russian jet engines for their fighters. This is what, 20 years now, since the start of production for their local copies? Make of this what you will.Thank you! :laugh: