Hong Kong-listed shares of Semiconductor Manufacturing International Corp. (SMIC) fell in morning trade as the chip maker reported a decline in profits and margins amid sluggish demand. The company's Shanghai-listed shares also experienced a significant drop. Share Declines The chip maker's Hong Kong-listed shares declined by 6.6% early on Friday, ultimately falling 4.1% to … [Read more...] about Semiconductor Manufacturing International Corp. Sees Declining Profits and Margins
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South Korean Semiconductor Stocks Surge
South Korean semiconductor stocks experienced significant gains on Tuesday as foreign investors showed strong demand, driven by increasing optimism for a recovery in memory-chip prices. Chipmakers Samsung Electronics and SK Hynix Lead the Way Shares of chipmakers Samsung Electronics and SK Hynix outperformed the benchmark Kospi index, rising 3.1% and 4.8% respectively, while … [Read more...] about South Korean Semiconductor Stocks Surge
MaxLinear’s Acquisition of Silicon Motion Technology: A Surprising Turn of Events
In a surprising turn of events, chip company MaxLinear announced its successful acquisition of Silicon Motion Technology after more than 14 months of uncertainty. The deal, valued at $3.8 billion, had faced skepticism from investors who believed it would never come to fruition. Under the terms of the agreement, MaxLinear (MXL) committed to paying $93.54 in cash and 0.388 shares … [Read more...] about MaxLinear’s Acquisition of Silicon Motion Technology: A Surprising Turn of Events
