Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Semiconductor Manufacturing International Corporation    981   KYG8020E1199

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

(981)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Semiconductor Manufacturing International : China passes export-control law following U.S. moves

10/18/2020 | 04:11am EST
FILE PHOTO: The Chinese national flag is seen in Beijing, China

SHANGHAI (Reuters) - China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm's China's interests, state media said.

The Xinhua news report late on Saturday did not name any target countries, but the United States last month angered Beijing with curbs on exports to Semiconductor Manufacturing International Corp, China's biggest chipmaker, and it has taken various steps against Huawei Technologies Co and other companies.

China and the United States have clashed over issues including trade, human rights, technology and the new coronavirus, which was first detected in China.

The new Chinese law, passed on Saturday by the National People's Congress Standing Committee, the country's top legislative body, will take effect on Dec. 1, Xinhua said.

Controlled items include military and nuclear products, as well as other goods, technologies and services and relevant data, according to a statement on the National People's Congress website.

It said the law was "formulated for the purpose of safeguarding national security and interests."

In August, China's commerce ministry issued a revised list of technologies that are banned or restricted for export.

(Reporting by Emily Chow; Editing by William Mallard)


© Reuters 2020
All news about SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
11/20TRUMP ADMINISTRATION TO ADD FOUR MOR : sources
RE
11/20Trump administration to add 4 more Chinese firms to Pentagon blacklist -sourc..
RE
11/11China's SMIC facing delays on some U.S.-made supplies - Global Times
RE
11/11China's SMIC says it is facing delays on U.S.-made supplies
RE
11/11SMIC : 3Q Earnings Snapshot
AQ
11/11SEMICONDUCTOR MANUFACTURING INTERNAT : Chinese Chip Maker SMIC 3Q Profit Surged ..
DJ
11/09China's tech industry relieved by Biden win - but not relaxed
RE
11/08Chinese Tech Stocks Jump After Biden Wins Presidency
DJ
11/06SEMICONDUCTOR MANUFACTURING INTERNAT : quaterly earnings release
10/23Ant's record strategic allocation in Shanghai IPO fuels small investor scramb..
RE
More news
Financials (USD)
Sales 2020 3 838 M - -
Net income 2020 520 M - -
Net cash 2020 2 298 M - -
P/E ratio 2020 40,0x
Yield 2020 -
Capitalization 21 755 M 21 755 M -
EV / Sales 2020 5,07x
EV / Sales 2021 4,94x
Nbr of Employees 15 904
Free-Float 82,6%
Chart SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
Duration : Period :
Semiconductor Manufacturing International Corporation Technical Analysis Chart | 981 | KYG8020E1199 | MarketScreener
Technical analysis trends SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 2,60 $
Last Close Price 2,83 $
Spread / Highest target 37,0%
Spread / Average Target -7,97%
Spread / Lowest Target -37,9%
EPS Revisions
Managers
NameTitle
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer & Executive Director
Zi Xue Zhou Chairman
Xin Zhang Senior Vice President-Operations & Engineering
Yong Gang Gao CFO, Executive Director & Executive Vic President
Sector and Competitors