SMIC gains a rise in their share value

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technosports.co.in, Jan. 05, 2021 – 

Semiconductor Manufacturing International Corporation (SMIC) has been making gains in the semiconductor market slowly but surely. Though the company suffered from the US imposed restrictions from using the countries' technologies, SMIC faced several problems in their chip development. But recent gains of the company indicates that it is indeed making progress.

According to sources, SMIC's shares gained during trading in Hong Kong after closing slightly lower over Friday's price. The new gains can be attributed to its Co-CEO, Mr. Liang Mong Song, who was still performing duties under his company's role.

Last year in December, when Mr. Liang announced his surprise resignment from the company's board, it caused a huge loss for its share value. Not to mention that the United States government added the company to the Department of Commerce's Entity List.

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