Semiconductor Manufacturing Int'l (ADR) (SMI) was Upgraded by Citigroup to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Aug 12, 2016.
Semiconductor Manufacturing Int'l (ADR) opened for trading at $4.23 and hit $4.33 on the upside on Monday, eventually ending the session at $4.33, with a gain of 3.34% or 0.14 points. The heightened volatility saw the trading volume jump to 1,07,130 shares. Company has a market cap of $3,644 M.
Semiconductor Manufacturing International Corporation (SMIC) is engaged in the computer-aided design manufacturing testing packaging and trading of integrated circuits and other semiconductor services as well as designing and manufacturing semiconductor masks. SMIC provides integrated circuit (IC) foundry and technology services at 0.35-micron to 28-nanometer. SMIC is also engaged in the development of its wafer manufacturing process technologies for specialty products such as power management IC complementary metal-oxide semiconductor (CMOS) image sensors (CIS) electrically erasable programmable read-only memory (eEEPROM) eFlash embedded microprocessor (MCU) radio frequencies IC (RF) and wireless connectivity touch controller IC (TCIC) fingerprint sensors and micro-electro-mechanical systems (MEMS) sensors. SMIC’s service offerings include a portfolio of IC design libraries circuit design blocks design support mask-making wafer probing and gold and solder bumping.