Wednesday, January 03, 2007

Semiconductor Manufacturing Intl (SMI) Soars on Takeover Speculation

China's largest chipmaker, Semiconductor Manufacturing International (NYSE: SMI) is higher today on rumors the company is the target of a private equity buyout. The speculation follows November's buyout of Tiwan's Advanced Semiconductor Engineering Inc. (NYSE: ASX) by private equity firm The Carlyle Group.

Labels: ,


Post a Comment

<< Home