Is Big Blue the answer for Chartered Semi?

The stock rises 22% on the news of a deal, but will it solve Chartered Semi''s problems?

There are some people who might be wondering yet again just how market-savvy Chartered Semiconductor's senior management is. Having experienced the most savage rights issue in recent Asian history, it has now announced a key agreement with IBM that has seen its stock price jump 22% in a day to S$1.20.

Indeed, one may ask surely these events are in the wrong order If Chartered had concluded and announced its IBM agreement before it announced its massive rights issue,...

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