Chinese chip maker SMIC moves into crypto mining hardware

posted about 1 month ago
Chinese chip manufactuer SMIC has filed to list on the Shanghai Stock Exchange’s tech-focused STAR market, with a plan to raise 20 billion RMB ($2.86 billion) through its share offering.

Its listing is part of a broader Chinese effort to compete with Taiwan Semiconductor Manufacturing Company (TSMC) in technology. SMIC has also announced plans to collaborate with Chinese computer manufacturer Canaan to build crypto mining hardware, a first for the company.
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