Chinese Chip Giant Pursues Year’s Biggest Stock Sale

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China’s leading chip maker is preparing a $6.55 billion stock offering, as Beijing moves to shore up its semiconductor capabilities amid heightened tensions with the U.S.

The stock offering by Semiconductor Manufacturing International Corp., on a fledgling Nasdaq-style board in Shanghai, is much larger than expected and would rank as the world’s largest stock sale this year, according to Refinitiv.

Hong…



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