China's biggest chipmaker has applied for 'voluntary delisting' from the New York Stock Exchange amid the trade war and Trump's crackdown on Chinese tech

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China's biggest chipmaker has applied for 'voluntary delisting' from the New York Stock Exchange amid the trade war and Trump's crackdown on Chinese tech
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SMIC, which makes semiconductors, claimed its decision had nothing to do with ongoing US-China tensions over trade and tech.

Semiconductor Manufacturing International Corporation , the largest chipmaker in China, is delisting from the New York Stock Exchange.

SMIC claimed its decision has nothing to do with those tensions, attributing its decision instead to low trading volumes and administrative costs.

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