565 Chinese firms net $132.7b from public offerings in China, US By CHENG YU | China Daily | Updated: 2021-01-21 09:22 Share CLOSE Investors check share prices at a brokerage in Fuyang, Anhui province, on Jan 4. LU QIJIAN/FOR CHINA DAILY
Chinese companies raised record funds via initial public offerings last year as the country s ongoing capital market reforms continued to boost long-term investment value for investors, a new industry report said.
According to a report published by CVSource, an information service provider, 565 Chinese companies were newly listed on bourses in the Chinese mainland, Hong Kong, and the United States last year, up 51.47 percent on a yearly basis. Together, these companies raised 860.7 billion yuan ($132.72 billion), up 67.22 percent on a yearly basis and a new 10-year high.
Home Boardroom drama shakes China’s biggest chipmaker SMIC
Boardroom drama shakes China’s biggest chipmaker SMIC
Industry’s dependence on Taiwanese talent highlighted by co-CEO’s threat to resign
World Economy News
20 Jan 2021 • 4 min read
When Liang Mong-song threatened to quit as co-chief executive of China’s largest chipmaker, it was an extraordinary moment even for the notoriously hot-tempered industry veteran.
The departure of Mr Liang, 68, who joined Semiconductor Manufacturing International Corp in November 2017, would have amounted to declaring defeat in his quest to help China’s largest chipmaker catch up with international rivals such as Taiwan Semiconductor Manufacturing Corp and Samsung Electronics.
Taiwan’s semiconductor success
By Liu Pei-chen 劉佩真
In terms of the economic outlook for the semiconductor industry, Taiwan has outperformed the rest of the world for three consecutive years. This is quite rare.
In addition, Taiwan has been playing an important role in the US-China technology dispute, and both want Taiwan on their side, reflecting the remaking of the nation’s semiconductor industry.
Under the leadership of above all Taiwan Semiconductor Manufacturing Co (TSMC), the industry as a whole has shifted from a focus on capacity to a focus on quality, as companies now have to be able to provide integration of hardware and software, as well as a powerful ecosystem, to succeed.
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The Global Semiconductor Intellectual Property (IP) market is expected to reach $8.81 billion by 2026 growing at a CAGR of 7.5% from 2019 to 2026.
A semiconductor intellectual property (IP) is defined as a unit of logic, cell, or chip layout design that can be reused by the creator party. Intellectual property in a semiconductor is normally developed with the idea of licensing to multiple vendors for using as building blocks in different chip designs.
Factors such as increasing production of mobile devices, growing adoption of connected devices, and advancement in multicore technology are driving the growth of the market. However, fluctuations in the development of the chips are restraining the growth of the market.
China’s would-be chip darling Tsinghua Unigroup bedevilled by debt and bad bets
Unigroup has now either defaulted or had cross-defaults triggered on seven onshore and offshore bonds worth about US$3.6 billion
The state-backed conglomerate has warned it may not be able to make upcoming bond payments