China’s biggest chipmaker announced it would delist from the New York Stock Exchange (NYSE), amid intensifying tensions between the United States and China following recent U.S. sanctions against Huawei.
Semiconductor Manufacturing International Corp. (SMIC), in a statement on its website on May 24, said it notified the NYSE of its intention to delist its American depositary receipts on June 3, meaning the last day of trading will fall on or about June 13.
