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 […]

Read more