UPDATE 1-SMIC shares suspended pending statement

Tue Nov 3, 2009 10:38pm EST
 
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HONG KONG, Nov 4 (Reuters) - Trading in shares of integrated circuits maker Semiconductor Manufacturing International Corp (0981.HK) was suspended on Wednesday pending a statement with price sensitive information, the Hong Kong exchange said.

No further details were immediately available.

A California jury ruled on Tuesday that SMIC (0981.HK) stole and used trade secrets from rival Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), possibly putting SMIC on the hook for more than $1 billion in damages, a lawyer for TSMC said on Tuesday. [ID:nN03520791].

SMIC officials were not immediately available for comment. (Reporting by Jimmy Tsim; Editing by Ken Wills)

 

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