• China's largest chipmaker is delisting from the Nasdaq

    1 month ago - By Tech Crunch

    The U.S-China trade war is increasingly influencing tech. Huawei has suffered a turbulent past week with key suppliers pausing work with the company, and now China's largest chipmaker is planning to delist from the New York Stock Exchange.
    Semiconductor Manufacturing International Corp announced in a filing published Friday that it plans to delist next month ending a 15-year spell as a public company in the U.S. The firm will file a Form 25 to delist on June 3, which is likely to see it leave the NYSE around ten days later. SMIC, which is backed by the Chinese government and state-owned...
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  • Wall Street Weekahead: Trade protection doesn't have to exclude growth stocks

    1 month ago - By Reuters

    The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.
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  • The trade war is speeding up tech manufacturers' plans to move out of China, a longtime industry analyst says

    The trade war is speeding up tech manufacturers' plans to move out of China, a longtime industry analyst says

    1 month ago - By Business Insider

    The trade war is prompting tech manufacturers to speed up plans to shift production out of China , said Gregor Berkowitz, a longtime tech industry consultant.
    Wages have been rising rapidly in the country, taking away one of the key reasons many companies set up shop there, he said.
    The latest threatened tariffs could make Chinese-goods significantly more expensive than those made elsewhere, he said.
    The big Taiwanese manufacturers are already shifting production from China back to Taiwan and are making plans to set up shop in Southeast Asia, according to Berkowitz.
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