TAIPEI -- Semiconductor Manufacturing International Co.'s planned 46.3 billion yuan ($6.55 billion) share offering in Shanghai will help the Chinese chipmaker grasp a "precious opportunity" in the domestic semiconductor market, the world's largest, its chairman said on Monday.
SMIC's intention to list up to 25% of its shares on Shanghai's STAR market would make it the biggest equity offering in mainland China in a decade. It will help the contract chipmaker's investment firepower as it tries to step up competition with rivals including including Taiwan Semiconductor Manufacturing Co. and Samsung Electronics.
