, Columnist
China's Chip Companies Just Can't Excite the NYSE
SMIC’s delisting in the U.S. isn’t a product of the trade war. The company has always lagged behind TSMC, UMC and Globalfoundries.
If I can make it there, I’ll make it anywhere.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
A decision by Semiconductor Manufacturing International Corp. to delist its New York-traded depositary receipts was quickly linked to the U.S.-China trade war, as if it were a victim of the growing tensions.
That’s not the case. If anything, the move underlines a simple fact: China currently lacks a viable and international semiconductor industry. That second adjective is important. This trade spat highlights the country’s deficiencies in technology.