China's SMIC set to follow $6.6b share sale with Shanghai market debut

China's SMIC set to follow $6.6b share sale with Shanghai market debut

Aerial view of a highway overpass at night in Shanghai, China. Photo: fazon1/Getty Images Pro

China‘s biggest chipmaker SMIC is set to follow its staggering $6.6 billion share sale with its Shanghai market debut on Thursday, just as Sino-U.S. tension widens the chasm it wants to cross to reach global leader TSMC, industry insiders said.