Cart

0

Stocks

“SMIC, China’s largest chipmaker, plunges 23%…”

“GUANGZHOU, China — Shares of Semiconductor Manufacturing International Corp (SMIC), China’s biggest contract chipmaker, plunged over 23% on Monday, after the U.S. government said it was considering putting export restrictions on the company. 

The firm’s Hong Kong-listed shares plummeted by 22.88% to close at 18.24 Hong Kong dollars on Monday. SMIC’s recently-listed Shanghai shares closed 11.29% lower at 58.80 Chinese yuan. 

The U.S. Department of Defense is assessing whether to add SMIC to the Commerce Department’s so-called Entity List…”

https://www.cnbc.com/2020/09/07/shares-of-chinese-chipmaker-smic-plunge-amid-potential-us-blacklist.html 

Leave a Reply