Shares of China’s top chipmaker, Semiconductor Manufacturing International Corp. fell nearly 5% in Hong Kong after its co-CEO said he would resign, Bloomberg and other media outlets reported. The resignation, which was a surprise to the company’s board, is significant because SMIC is key to China’s plans to reduce its reliance on U.S. chipmakers amid the U.S.-China trade war. SMIC’s...
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The Clubhouse Investment Boom: The Information’s Tech Briefing

Just when you think the stock market excesses couldn’t get any crazier, along comes GameStop. In the space of a few hours today the stock, which was trading at $20 two weeks ago, more than doubled to a high of $159 before collapsing back to $76.79. Like a lot of other stocks bouncing around like a yo-yo lately—video-streaming service FuboTV comes to mind—trading in GameStop is...
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