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.
To read the full article, click here
Related Semiconductor IP
- UCIe Chiplet PHY & Controller
- MIPI D-PHY1.2 CSI/DSI TX and RX
- Low-Power ISP
- eMMC/SD/SDIO Combo IP
- DP/eDP
Related News
- sureCore PowerMiser IP enables KU Leuven chip for AI applications to achieve dynamic power saving of greater than 40%
- ZeroPoint Technologies raises EUR 3.2 million in seed funding to reduce energy consumption of data centers by more than 25%
- Rivos Raises More Than $250M Targeting Data Analytics and Generative AI Markets
- Synopsys DesignWare USB 3.0 IP Shipped in More Than 100 Million Production SoCs
Latest News
- Global Semiconductor Sales Increase 17.1% Year-to-Year in February
- Altera Starts Production Shipments of Industry’s Highest Memory Bandwidth FPGA
- Blumind reimagines AI processing with breakthrough analog chip
- 32-bit RISC-V processor based on two-dimensional semiconductors
- pSemi Files Patent Infringement Lawsuit Against Cirrus Logic and Lion Semiconductor