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Semiconductor Manufacturing Int'l (adr) ETF News

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US Threatens Chinese Companies with sanctions. (China’s response added)

08:03pm, Wednesday, 09'th Mar 2022 Investment Watch Blog
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

China''s top chipmaker''s profits soar despite US sanctions

01:14pm, Sunday, 13'th Feb 2022 Big News Network
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 Great Scam Of The SMI Increase

10:08am, Saturday, 12'th Feb 2022 The Corner
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

Chip Famine is a Feast for China''s SMIC

09:40am, Friday, 11'th Feb 2022 The Wall Street Journal
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

SMIC Reports 2021 Fourth Quarter Results

12:28pm, Thursday, 10'th Feb 2022 PR Newswire Asia (English)
All currency figures stated in this report are in US Dollars unless stated otherwise. The consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). SHANGHAI , Feb. 10, 2022 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) ("SMIC", the "Company" or "we"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended December 31, 2021 . 20 21 Fourth Quarter Highlights Revenue was $1,580.1 million in 4Q21, an increase of 11.6% QoQ from $1,415.3 million in 3Q21, and 61.1% YoY from $981.1 million in 4Q20. Gross profit was $552.8 million in 4Q21, an increase of 18.2% QoQ from $467.9 million in 3Q21, and 212.7% YoY from $176.8 million in 4Q20. Gross margin was 35.0% in 4Q21, compared to 33.1% in 3Q21 and 18.0% in 4Q20. First Quarter 2022 Guidance The following statements are forward looking statements based on current expectations and involved risks and uncertainties.
U.S. Officials Consider Banning Exports To Chinese Chipmaker SMIC Throwing another wrench in the gears of the global semiconductor SNAFU and geopolitical tensions with China is a new report that U.S. officials are considering banning exports to Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC). SMIC had been taking advantage of a regulatory loophole to buy U.S. technology, but the Defense Department has introduced a proposal to block exports, Reuters reported Friday morning . Meanwhile, some Commerce Department officials are trying to stop the Defense Department''s proposal. SMIC was added to a U.S. blacklist last year, the report says. As a result it is supposed to be denied "access to advanced manufacturing equipment from U.S. suppliers". The blacklisting is due to potential ties between SMIC and the Chinese military. Recall, last month China accused the U.S. of "stretching the concept of national security" by preventing Intel''s plans for expansion in the country.
The green bond market is booming — issuance this year will be more than triple what was seen in 2017 — and that's putting a spotlight on exchange traded funds, namely the VanEck Vectors Green B
Semiconductor Manufacturing International (OTCMKTS:SMICY) and SkyWater Technology (NASDAQ:SKYT) are both computer and technology companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, earnings, institutional ownership, risk, dividends, valuation and profitability. Analyst Ratings This is a summary of recent ratings and target prices for []
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