Chinese silicon producer Semiconductor Manufacturing International (SMIC) has formally made a debut on the Chinese science and know-how innovation board (STAR) as of at the moment. After submitting a proposal 16 days in the past, SMIC already managed to start out buying and selling its shares on the STAR board of China’s Shanghai Stock Exchange (SSE). Why that is vital you may marvel? Well now SMIC can acquire extra funds and make investments that into node growth, so the Chinese semiconductor business is about to increase. Being the largest semiconductor producer in China, SMIC takes the lead and each growth from the corporate is huge for the Chinese semiconductor business.
SMIC is at present buying and selling on the Stock Exchange of Hong Kong (HKEX) the place it used to commerce solely. With SSE now included, it’s simpler for the corporate to commerce. SMIC additionally submitted a proposal final yr in May to start out buying and selling on the New York Stock Exchange (NYSE) so it might get the eye of Western buyers. If the corporate manages to efficiently increase all of the funds for node growth, then the Chinese semiconductor business is about to flourish.
