Semiconductor Manufacturing Int'l (adr) ETF News

Semiconductor Manufacturing International Co. (OTCMKTS:SMICY)s stock price rose during mid-day trading on Thursday . The company traded as high as $14.00 and last traded at $14.00. Approximately 50 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 156,480 shares. The stocks 50 day simple moving average is []

South Korean Chipmaker SK Hynix Halts Expansion Plans In China Due To U.S. Trade Restrictions It appears that the U.S. preventing companies like Intel from expanding their chipmaking operations in China is having an affect on other chipmakers globally. That''s because South Korea''s SK Hynix, a top supplier of memory chips globally, has halted the installation of new production equipment in China as a result of American trade policies. The company was planning on bringing extreme-ultraviolet lithography equipment to its Jiangsu Province plant, which makes about 40% of its DRAM chips, according to Nikkei . But the company put a halt to the plans as a result of American measures that have been put in place to "restrict Chinese access to advanced technology that could boost its military power". Direct supply of EUV equipment to Chinese companies should be restricted, according to U.S. authorities. Dutch chipmaking equipment maker ASML held back deliveries in 2019 to Chinese chipmaker Semiconductor Manufacturing International Corp. as a result of the same concerns, the report notes.