Technology Jul 28, 2020 02:23 PM (GMT+8) · EqualOcean
"Chinese foundry Semiconductor Manufacturing International Corporation (or SMIC, 688981:SH, 00981:HKEX) is the only plant that can possibly achieve the level of precision needed to deal with orders from Huawei's semiconductor arm HiSilicon within 4-5 years," an investor in the contract chipmaker told EqualOcean. "It is a do-or-die situation for both Huawei and China." SMIC went public on the tech-heavy Star Market on July 16 and is currently trading its Shanghai stock at over 250 times earnings.
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