Chinese Chipmaker Semiconductor Manufacturing International to Raise $2.8 Billion Via Shanghai Listing

Semiconductor Manufacturing International Corp., China's biggest chipmaker, is aiming to raise $2.8 billion via a listing in Shanghai. 

In a prospectus made public this week, the chipmaker, which trades on the Hong Kong Exchange, said proceeds from the share sale will go to bankroll projects and shore up operating capital as tensions between the U.S. and China intensify. 

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Source Fool.com