"At about 11:25 am EST on the New York Stock Exchange, American depositary receipts (ADR of Shanghai-based SMIC were at $16.04, down from the $17.50 price set on its initial public offering last week. The IPO was priced at the high end of estimates."

"SMIC, by the end of this year will have capacity for 125,000 wafer starts per month, representing only 5-6% of domestic supply, Chang said. In addition, 40% of the company's wafer output was for overseas-based customers."

(Free registration required) TSMC maintains long lead over number 2 UMC and number 3 Chartered.

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(paid membership required) Hynix Semiconductor Inc. of South Korea is in talks with authorities in Wuxi city in China to set up a chip-manufacturing plant, in a bid to lower labor costs and avoid chip duties, people familiar with the deal said.