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China Resources to Restructure Semiconductor Business

Beijing Times, 11/06/07

Yesterday, China Resources Logic and CSMC jointly announced that they were considering restructuring the 2 companies' semiconductor business, and if the merger was successful, they would operate as a single listed company. The announcement also mentioned that the terms of the restructuring had not yet been set. This planned consolidation of the 2 companies' semiconductor businesses would pave the way for the creation of a domestic giant in the semiconductor industry.

Keywords: CRC China Resources China Resources Logic CSMC semiconductor merger chip M&A

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