Similar Stories to China’s Largest Chipmaker Is Delisting From The Nasdaq on Bing News

The U.S-China trade war is increasingly influencing tech. Huawei has suffered a turbulent past week with key suppliers pausing work with the company, and now China’s largest chipmaker is planning to delist from the New York Stock Exchange. Semiconductor Manufacturing International Corp (SMIC) announced in a filing published Friday that it plans to delist next month ending a 15-year spell as a public company in the U.S.

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BING NEWS:
  • Blacklisted China chipmaker SMIC becomes the world's second-largest pure-play foundry by revenue — outsells GlobalFoundries and others
    SMIC becomes the world's second-largest pure-play foundry as it eclipses GlobalFoundries and UMC, but this is only true if you exclude Intel and Samsung.
    05/10/2024 - 6:13 am | View Link
  • China's biggest chipmaker SMIC warns of 'fierce' competition as it misses quarterly profit expectations
    SMIC on Friday warned of intense competition as its net income plunged 68.9% from a year earlier to $71.79 million. Gross margin slid to 13.7% in the quarter – the lowest the firm has ever recorded ...
    05/9/2024 - 5:06 pm | View Link
  • China's Top Chipmaker SMIC Sees Profit Margin Plummet To 15-Year Low Amid US Export Controls
    China's Semiconductor Manufacturing International Corp has reported a significant drop in its profit margin, reaching its lowest level since 2009. The company expects further decline as it expands its ...
    05/9/2024 - 3:58 pm | View Link
  • China’s largest carmaker to cut thousands of jobs at its joint ventures with GM and Volkswagen
    Amid an intense price war and lost market share to BYD and Tesla, China’s state-owned automaker SAIC Motor is reportedly making drastic job cuts this year at its joint ventures with General ...
    04/1/2024 - 2:43 am | View Link
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