China’s biggest chipmaker has applied for ‘voluntary delisting’ from the New York Stock Exchange amid the trade war and Trump’s crackdown on Chinese tech (SMI)
|05/25/2019||Posted by BusinessMediaguide.Com under General World News||
- Semiconductor Manufacturing International Corporation (SMIC), the largest chipmaker in China, is delisting from the New York Stock Exchange.
- The “voluntary delisting” comes amid increased tensions between the US and China over trade and President Donald Trump’s crackdown on Chinese tech companies.
- SMIC claimed its decision has nothing to do with those tensions, attributing its decision instead to low trading volumes and administrative costs.
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The largest chipmaker in China has applied for a “voluntary delisting” from the New York Stock Exchange as President Donald Trump’s administration increases its crackdown on Chinese tech.
Semiconductor Manufacturing International Corporation (SMIC) said read more >>>