English
SMIC Aims to Raise More Than $3B for Expansion
By Alan Patterson, EETimes (May 11, 2020)
TAIPEI — Semiconductor Manufacturing International Corp. (SMIC), based in Shanghai, aims to sell new shares that could raise more than $3 billion for investment in expansion.
The board of China’s biggest foundry earlier this month approved a proposal to issue 1.69 million new shares on China’s Sci-Tech Innovation Board, also known as the STAR market, for technology companies. Based on the value of SMIC’s shares listed in Hong Kong, the sale of the new shares could raise about $3.2 billion.
|
E-mail This Article | 
|
|
Printer-Friendly Page |
|
||||||
SMIC Hot IP
Related News
- TSMC to Raise $9 Billion for Expansion Amid Shortages
- GlobalFoundries Officially Opens US$4 Billion Expansion Facility in Singapore, Creating 1,000 New Jobs
- TSMC Cuts Expansion Plan to $36B as Outlook Sours
- Intel Surprises with $20B Expansion of Foundry Business
- Progress in Importation of US Equipment Dispels Doubts on SMIC's Capacity Expansion for Mature Nodes for Now, Says TrendForce
Breaking News
- Alphawave Semi Audited Results for the Year Ended 31 December 2024
- BrainChip Gives the Edge to Search and Rescue Operations
- Shifting Sands in Silicon by Global Supply Chains
- Analog Bits to Demonstrate IP Portfolio on TSMC 3nm and 2nm Processes at TSMC 2025 Technology Symposium
- Equal1 advances scalable quantum computing with CMOS-compatible silicon spin qubit technology
Most Popular
- Cadence to Acquire Arm Artisan Foundation IP Business
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- Intel Announces Strategic Investment by Silver Lake in Altera
- Andes Technology Celebrates 20 Years with New Logo and Headquarters Expansion
- AMD Achieves First TSMC N2 Product Silicon Milestone