Highlights:
- Semiconductor Manufacturing International Corporation (SMIC), the largest semiconductor maker in China is likely to raise around $7.5 billion this year by listing its stock in Shanghai.
- This move will enable China to reduce its reliance on foreign chips.
- A raise of $7.5 billion would make SMIC’s offering as the world’s third-biggest share sale this year.
Tags : China, chipmaking, SMIC, chips, Business,
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