Another Chinese tech giant is withdrawing from the US, voluntarily delisting from the New York Stock Exchange. CBS/iStockphoto China’s largest chipmaker plans to delist from the New York Stock Exchange.Semiconductor Manufacturing International Corporation (SMIC) cited limited trading volumes in the US in comparison to the rest of the world as the reason for delisting, according to the South China Morning post on Friday.SMIC also said “the significant administrative burden and costs of maintaining the listing” on the NYSE were reasons for withdrawing.SMIC, which provides integrated circuit foundry and tech services on process nodes from 0.35 micron to 28 nanometer, said it will file the form to delist on June 3, with its last day of trading to be around June 13.While its headquarters are in Shanghai, SMIC also has labs throughout Beijing, Tianjin, Shenzhen, Jiangyin and Italy. It also has offices in the US, Europe, Japan, Taiwan and Hong Kong.The decision to delist follows Chinese technology compatriot Huawei being blacklisted by the US last week, and President Donald Trump signing an executive order essentially banning the tech giant following national security concerns that Huawei had close ties with the Chinese government amid the US-China trade war.SMIC didn’t immediately respond to a request for comment, but told CNBC that its decision to delist was not related to the US-China trade deal.”SMIC has been considering this migration for a long time and it has nothing to do with the trade war and Huawei incident,” a SMIC spokesperson reportedly told CNBC.”The migration requires a long preparation and timing has coincided with the current trade rhetoric, which may lead to misconceptions.” Share your voice Mobile Phones Politics 4:59 Now playing: Watch this: 0 Post a comment What is going on between Huawei and the US? Tags Huawei Donald Trump
IBTimes VideoRelated VideosMore videos Play VideoPauseMute0:01/2:39Loaded: 0%0:01Progress: 0%Stream TypeLIVE-2:38?Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window. COPY LINKAD Loading … On matchdays, the stands are awash with green-and-white striped flags, whilst the sound of clapping hands and chants reverberate around this magical arena, where the locals are ‘packed in like cannonballs’ (“apiñados como balas de canon”), as another of the phrases inked into a mid-tier ribbon at the Benito Villamarin reads. According to the club, the player in question “could be any one of us celebrating a goal, it’s a moment of euphoria and glee, which is what we want people to come here and enjoy.” Home of Real Betis Close When setting foot inside the stadium, the visitor is immediately struck by how the lush green of the hallowed turf and the white tones of the limestone that surrounds the pitch coincide with the colour scheme in the stands, which are dominated by a Betis player who spans the seats of the three tiers behind the goal in the form of a mosaic. Real Betis is a club where the allegiance is passed down from grandparents to parents and in turn on to their children, creating a strong sense of belonging and a fervent passion for the badge in the process. The spiritual and geographical hub and heart of this club is their iconic stadium Benito Villamarin. This is the home of Real BetisOn a matchday inside this arena, thousands of fans belt out hearty renditions of ‘Olé, olé, olé, Betis, olé’, a song that these supporters have grown up with and is central to their childhood, teenage and adult memories. This rich heritage is palpable around the streets of Seville and has been immortalised by the monument that stands proudly outside the ground. The moment of truth is here, the hairs on the back of your neck stand up, the ball is in the centre circle and 90 minutes of pulsating action await, during which the only thing on the minds of every member of this model Real Betis family is summed up by the famous Andalusian-accented motto: ‘Viva er Betis, manque pierda!’ (Long live Betis, even if they lose!).
Land minister Saifuzzaman Chowdhury talks to journalists at the city’s Press Club in Chattogram on Saturday 12 Jan 2019. Photo: UNBNewly-appointed land minister Saifuzzaman Chowdhury on Saturday ordered all officials of his ministry to submit their wealth statements within the next month, reports UNB.”The land ministry will be brought under the purview of accountability and freed from corruption,” he told newsmen at the city’s Press Club in Chattogram.”I’ll pay abrupt visits to prevent public harassment, bribery and corruption at different land offices,” he said.Soon after taking charge, the minister told officials that he would not tolerate corruption and that a two-year plan would be adopted for the ministry’s development.Saifuzzaman said land clearance for big projects including bay-terminal, Karnaphuli tunnel, Dhaka-Chattogram Railway and economic zones would get priority.”Illegal establishments along the river banks will be cleared. No one will be spared,” he said.