Semiconductor Manufacturing ETF News

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China’s top wafer foundry Semiconductor Manufacturing International Corp (SMIC) is keeping a low profile after it was singled out by Washington in a warning to Chinese tech companies over potential violations of US economic sanctions on Russia.Gina Raimondo, the US secretary of commerce, said on Tuesday that Washington could take “devastating” action against Chinese companies that defy US sanctions on Russia for its invasion of Ukraine, according to a report in The New York Times.She…

The Biden administration could “essentially shut” down Semiconductor Manufacturing International Corporation or any Chinese companies that defy U.S. sanctions by continuing to supply chips and other advanced technology to Russia, Ms. Raimondo said in an interview with The New York Times. www.nytimes.com/2022/03/08/technology/chinese-companies-russia-semiconductors.html

In comments to the New York Times: Chinese companies that aid Russia could be shut downUS could “essentially shut” down Semiconductor Manufacturing International Corporation or any Chinese companies that defy US sanctions

PHILADELPHIA, March 03, 2022 (GLOBE NEWSWIRE) -- AnPac Bio-Medical Science Co., Ltd. ("AnPac Bio," the "Company" or "we") (ANPC), a biotechnology company with operations in the United States and China focused on early cancer screening and detection, announced today that its fully owned biochip subsidiary, Changwei System Technology (Shanghai) Co., Ltd. ("Changwei"), was recently evaluated and appraised by China Alliance Appraisal (Shanghai) Co. Ltd., an independent company that is certified and licensed by the China Appraisal Society under the Ministry of Finance and is one of the top 10 appraisers in China by revenue. China Alliance Appraisal, Co., Ltd. provided a certified written appraisal report which valued Changwei at RMB 578 million (approximately USD $90 million based on the current exchange rate). An appraisal is an opinion about the approximate value of a company and is not a guarantee that any transaction may be completed based on that appraised value or at all. The appraisal was performed following the recent approval from the board of directors of AnPac Bio to explore strategic alternatives for Changwei, including a potential strategic investment, to maximize shareholder value for the Company.

Bloomberg : The US is expected to put pressure on SMIC, Lenovo, and other Chinese companies to join sanctions on Russia; China is Russia''s biggest electronics supplier — Washington is expected to lean on major Chinese companies from Semiconductor Manufacturing International Corp. to Lenovo Group Ltd …

China’s biggest producers of semiconductor chips, bottled water and baby-milk formula are likely to join the Hang Seng Index in the next rebalancing exercise, strengthening the country’s linkages in the world’s fourth-biggest stock market.Chip maker Semiconductor Manufacturing International Corporation (SMIC), Nongfu Spring, the milk producer China Feihe, JD Health and the vaping device maker Smoore International could make the cut when the list is announced on February 18, according to common…

SMIC''s all-time high revenue came as sales were propelled by worldwide demand China''s largest chipmaker, Semiconductor Manufacturing International Corporation , has reported

SMIC''s all-time high revenue came as sales were propelled by worldwide demand China''s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has reported record revenue and a surge in profit last year amid a global chip shortage and strong demand. According to its annual financial report published on Thursday, sales for calendar 2021 were up 39% on the year, at a record

The Corner In 2021 the prorated minimum wage in Spain rose to 1,126 euros. This is 24% more than the European average, and much higher than Portugal, the Czech Republic or Lithuania, to name but a few of the countries that have surpassed us in terms of GDP per capita in recent years, explains Daniel Rodríguez in Expansión. The Spanish government which has agreed with the trade unions to raise the

Semiconductor Manufacturing International Corp., China’s largest foundry, is bringing in record revenue but spending big, too.

SHANGHAI : Business boomed last year for Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on the back of a global chip shortage, with revenues and profits soaring despite pressure from U.S. sanctions, it said.Sales for calendar 2021 were up 39per cent on the year at a record of $5.

SHANGHAI (Reuters) – Business boomed last year for Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on the back of a global chip shortage, with revenues and profits soaring despite pressure from U.S. sanctions, it said. Sales for calendar 2021 were up 39% on the year at a record of $5.4 billion, propelled by worldwide … Read More