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SMIC Profit Misses Estimates on Weak Chinese Consumer Sentiment

SMIC Profit Misses Estimates on Weak Chinese Consumer Sentiment
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SMIC's Profit Beats Estimates On Strong Demand for Huawei Phones

SMIC's Profit Beats Estimates On Strong Demand for Huawei Phones
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Huawei's Chipmaker Warns Global Tensions Creating Chip Glut

(Bloomberg) Semiconductor Manufacturing International Corp. warned that a hoped-for smartphone market recovery is another year out, and that geopolitical tensions are fomenting a serious glut in global chipmaking capacity.Most Read from BloombergRockstar Plans to Announce Much Anticipated ‘Grand Theft Auto VI’World’s Biggest Bank Forced to Trade Via USB Stick After HackNew ‘Call of Duty’ Draws Harsh Reviews After Rushed DevelopmentSaudis Find a Bottomless Money Pit in LucidWorld’s Largest Ban ....

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China's Top Chipmaker Loses Chairman in Latest Executive Exit

(Bloomberg) Semiconductor Manufacturing International Corp.’s chairman has resigned about a year after formally assuming his role, marking the latest high-profile departure from a company rocked by US chip sanctions.Most Read from BloombergMassive US Oil Caverns Sit Empty and Will Take Years to RefillSingapore House Speaker Resigns in New Blow to Ruling PartyUS Plans Narrow China Tech Investment Limits, Likely by 2024Dollar’s Busted Bull Run Has Bears Calling End of an EraRussia Pulls the Plu ....

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Top Chinese Chipmaker Dives on Reports Co-CEO Abruptly Quit

China’s Top Chipmaker Slides After Co-CEO Abruptly Quits
Bloomberg
12/16/2020
Bloomberg News
(Bloomberg) Semiconductor Manufacturing International Corp. shares fell after news emerged about the surprise resignation of a top executive who spearheaded the rapid technological ascent of China’s largest chipmaker.
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SMIC is trying to reach co-Chief Executive Officer Liang Mong Song after online media circulated a resignation letter they said originated with the industry veteran. Liang quit after SMIC appointed a vice chairman without consulting him, according to the reports. The company is attempting to clarify his intentions, it said in an exchange filing without elaborating. Liang couldn’t immediately be reached for comment. ....

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