http://www.jlmpacificepoch.com/newsstories?id=143526_0_5_0_M
JLM Pacific Epoch, 17 Mar 2009
Rumors say that Semiconductor Manufacturing International Corporation (SMIC) (NYSE:SMI, 981.HK) may receive mainland government support via Datang Telecom (600198.SH) to acquire Singapore-based Chartered Semiconductor (C27.SIN), reports 163.com quoting Commercial Times.
SMIC did not comment on the news. Datang Telecom became SMIC's controlling shareholder in November 2008 through the purchase of 16.6% stake.
SMIC may also merge with new Hua Hong NEC, which acquired Shanghai Belling (600171.SH) and Grace Semiconductor Manufacturing, according to other rumors.
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JLM Pacific Epoch, 17 Mar 2009
Rumors say that Semiconductor Manufacturing International Corporation (SMIC) (NYSE:SMI, 981.HK) may receive mainland government support via Datang Telecom (600198.SH) to acquire Singapore-based Chartered Semiconductor (C27.SIN), reports 163.com quoting Commercial Times.
SMIC did not comment on the news. Datang Telecom became SMIC's controlling shareholder in November 2008 through the purchase of 16.6% stake.
SMIC may also merge with new Hua Hong NEC, which acquired Shanghai Belling (600171.SH) and Grace Semiconductor Manufacturing, according to other rumors.
----------------------------------------------------
Latest News Updates At Singapore News Alternative:
1. Chartered Standard: Sell Sing$ & Buy India Rupee As Spore's Exports Collapse
2. Myanmar junta leader arrived in Singapore today
3. Spore companies seek partners in healthcare mission to Qatar
4. SIA talks with India travel travel associations broke down
5. US bailouts add to risk of depression, Jim Rogers warns
6. Survey reveals Singaporean least optimistic about property market
7. Spore tax cuts spur only foreign entrepreneurs' interest
8. Spore container throughput plunged in Feb
.
