SMIC: right time, right place?

After one of the fastest ramp-ups in history, Chinese foundry SMIC positions its IPO valuation second only to TSMC.
February 11, 2004

Semiconductor Manufacturing International Company (SMIC) has set out with one of the richest valuation targets of a China listing in recent years, but tech specialists believe it may be achievable thanks to the $1.5 billion IPO's fortuitous market timing.

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