China — Shares of Chinese chipmaker SMIC fell over 5% on Wednesday after the company said it was aware its co-CEO planned to resign and as its stock was set to be removed from MSCI indexes. SMIC said it had become “aware” of co-CEO Mong Song Liang’s “intention of conditional resignation.” The company said it was “verifying” […] Read more
China — The U.S. government has reportedly imposed restrictions on exports to SMIC, China’s biggest chip manufacturer, a move that threatens Beijing’s push to become more self-reliant in one of the most critical areas of technology. Suppliers for certain equipment to SMIC will need to apply for an export license, according to a letter sent to […] Read more
