SMIC, is part of China's broader push for self-reliance when it comes to semiconductors, a field in which the world's second-largest economy is seen as far behind the U.S.
China's largest contract chipmaker, Semiconductor Manufacturing International Corporation , has filed for a listing in Shanghai that will raise 20 billion yuan .
SMIC is part of China's broader push for self-reliance when it comes to semiconductors, a field in which the world's second-largest economy is seen as far behind the U.S. The move comes as the company looks to bolster investment in its technology amid the escalating trade tensions between the U.S. and China, which could force SMIC to take on more production.
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