Chinese chip maker SMIC to leave New York Stock Exchange, targeting Hong Kong
The largest Chinese contract chip manufacturer Semiconductor Manufacturing International Corp. (SMIC) is leaving the New York Stock Exchange (NYSE) as the trade war between the US and Beijing spills over into the technology sector. SMIC said Friday evening that it has notified the NYSE of its intention to file on June 3 to delist its American Depositary Receipts (ADRs).