Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO

Hong Kong-listed SMIC plans to raise $2.8 billion via an initial public offering on the Shanghai Stock Exchange, in hopes of advancing its chip making practices. The company is working with Canaan Creative to build a new crypto miner.


Chinese Chip Maker With a Hand in Crypto Mining Plans $2.8B IPO written by David Pan @ https://www.coindesk.com/chinese-chip-maker-with-a-hand-in-crypto-mining-plans-2-8b-ipo June 2, 2020 David Pan

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