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SMICY DEADLINE: Pawar Law Group Announces a Securities Class Action Lawsuit Against .
Pawar Law GroupDecember 28, 2020 GMT
NEW YORK, Dec. 28, 2020 (GLOBE NEWSWIRE) Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Semiconductor Manufacturing International Corp. (OTC: SMICY) from April 23, 2020 through September 26, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Semiconductor Manufacturing International Corp. investors under the federal securities laws.
To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email info@pawarlawgroup.com for information on the class action.
It was a tumultuous year for the Chinese technology sector amid rising tensions with the US and as Beijing doubled down on its goal of achieving self-reliance in strategic areas such as semiconductor development. And as 2020 drew to a close, the central government indicated there will be more regulation in 2021 as it seeks to rein in Big Tech and maintain overall economic stability. Semiconductor shuffle Under pressure from Washington, Beijing.
The tech war that isn’t US tech curbs on China bend to market reality David Goldman Posted By Ruth King on December 24th, 2020
Washington last week added China’s Semiconductor Manufacturing International Corp (SMIC) to the “entity” list that requires US companies to get special permits to trade with it, rattling the Chinese chipmaker’s stock price. But China hawks in the US Senate complain that the wording of the new rules makes them easy to circumvent, and allege that the Commerce Department bowed to the “parochial commercial interest” of US companies trading with China.
The trouble is that China’s market for semiconductor technology is growing so fast that American firms fear for their long-term viability if they are not involved. The Trump Administration imposed controls on the export of key semiconductor technology six months ago, but American chip design companies’ China sales are booming. Cadence Design S
https://www.theepochtimes.com/democrat-andrew-yang-files-for-nyc-mayoral-campaign 3631308.html
Far-left Democrat Andrew Yang filed formal paperwork on Dec. 23 that could see him run for mayor in New York City, according to the New York City Campaign Finance Board.
Yang ran for president in 2020 in a crowded field of more than 20 Democrats. He quit the race in February and endorsed former Vice President Joe Biden in March.
The 45-year-old ran on a promise to enact “universal basic income,” a wealth redistribution scheme in which the government would dole out $1,000 checks to each person in the United States aged 18 and older. Yang argued the scheme was necessary to counteract the advent of automation.
Westerners grow wary of China travel over threat of detention
Since citizens of several nations are being held by Chinese authorities, admittedly to pressure their governments, some in the business community seek alternatives to in-person dealings
Bloomberg
As the research director of an activist investor, Anne Stevenson-Yang, cofounder of J Capital Research, made business trips to China from the US almost monthly before the COVID-19 pandemic hit. However, she has strong reservations about going back, even after the pandemic subsides.
Some who do business with China are increasingly worried about the risk of being swept up by security agents and becoming casualties of geopolitical tensions between Beijing and the West.