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Chinese chipmaker jumps after Reuters reveals talks on Intel investment

Chinese chipmaker jumps after Reuters reveals talks on Intel investment

Shares in Semiconductor Manufacturing International Corp, China’s biggest contract chip maker, surged more than 5 percent in a weak Hong Kong market after Reuters reported exclusively on Jan 6 that the company was in talks to sell a strategic stake to Intel Corp. The story was used by global media including CNBC.com and Forbes.com, Australia’s Business Spectator and Hong Kong’s South China Morning Post. Bloomberg quoted the Reuters story.

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