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yalanand
What is the new merged company called ? What will be its new ranking ?
Chaojiang
I do not agree, SMIC is a public company and the Chinese will not so stupid to ...
Report: Chinese foundries to merge
12/1/2011 11:35 AM EST
SAN FRANCISCO— Shanghai Hua Hong NEC and Grace Semiconductor, China's second and third largest semiconductor foundries behind Semiconductor Manufacturing International Corp. (SMIC), have agreed to a merger that is currently awaiting regulatory approval, according to a report Thursday (Dec. 1) by the Reuters news service.
The report quoted an anonymous source saying that the deal is about to close and will probably happen by the end of the year.
Market research firm iSuppli Corp.—now known as IHS iSuppli—said more than two years ago that Grace and Hua Hong were set to merge.
Hua Hong was ranked 13th among the world's foundries in sales in 2010, while Grace was No. 15, according to Semico Research Corp.
The report quoted an anonymous source saying that the deal is about to close and will probably happen by the end of the year.
Market research firm iSuppli Corp.—now known as IHS iSuppli—said more than two years ago that Grace and Hua Hong were set to merge.
Hua Hong was ranked 13th among the world's foundries in sales in 2010, while Grace was No. 15, according to Semico Research Corp.
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resistion
12/2/2011 10:52 AM EST
So they got regulatory disapproval two years ago? Or it was called off?
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goafrit
12/2/2011 11:46 AM EST
The Chinese are coming - watch out, with state capitalism, this industry will evolve. Watch out AMerica.
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Chaojiang
12/2/2011 6:51 PM EST
I do not agree, SMIC is a public company and the Chinese will not so stupid to give money to those companies.
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yalanand
12/4/2011 1:04 PM EST
What is the new merged company called ? What will be its new ranking ?
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