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Page 31 - குறைக்கடத்தி உற்பத்தி சர்வதேச News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Clash of two tech whizzes rocks top Chinese chipmaker SMIC as it stands at a crossroads

Getty Images Synopsis The drama began when Chiang Shang-yi, a former high-ranking SMIC employee who had left three years ago to lead a new chip startup, returned to the company at the invitation of the board to become vice-chairman. That led to the abrupt resignation of Liang Mong Song, one of SMIC’s two co-CEOs, who found himself No. 3 in the pecking order. Yang GeOne was a fatherly mentor figure, the other a brash wunderkind.This tale of two industry veterans, whose clash at the top of Semiconductor Manufacturing International Corp. (SMIC) made headlines earlier this month, could well summarize the difficult situation China’s leading microchip-maker faces as it stands at a crossroads in its brief history.Founded just 20 years ago, SMIC had once hoped to become one of the world’s leading

Alibaba and Tencent Shares Fall After Report Says They Could Be Added to U S Blacklist

U S Considers Adding Alibaba, Tencent to China Stock Ban — 3rd Update

U S Considers Adding Alibaba, Tencent to China Stock Ban — 3rd Update
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

More worries for Naspers? US stokes China investment fire - With insights from The Wall Street Journal

Updated Jan. 6, 2021 7:38 pm ET U.S. officials are considering prohibiting Americans from investing in Alibaba Group Holding Ltd. and Tencent Holdings Ltd., a potential escalation of the outgoing Trump administration’s efforts to unwind U.S. investors’ holdings in major Chinese companies. State and Defense Department officials in recent weeks have discussed expanding a blacklist of companies prohibited to U.S. investments over alleged ties to China’s military and security services, according to people familiar with the matter. The U.S. government announced its original blacklist in November with 31 companies. Tencent and Alibaba are China’s two most valuable publicly listed companies, with a combined market capitalization of over $1.3 trillion and scores of American mutual funds and other investors holding their shares. Alibaba’s New York-listed American depositary receipts fell more than 5% on Wednesday, while Tencent ADRs tumbled by about 4% in the U.S. over-the-counte

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