Asia Nikkei reported on May 29, that China's  largest chip foundry, Semiconductor Manufacturing International Corp., will delist from the New York Stock Exchange. The Shanghai-based SMIC, which listed in Hong Kong and New York in 2004, rejected the suggestion that the decision was influenced by the battle between the U.S. and China for technological supremacy, but cited "limited trading volume" and "the significant administrative burden and costs of maintaining the listing" of its American depositary shares in its announcement. 

(Comment: For the three months through March, SMIC's revenue sank 19.5% on the year to $669 million, while net profit plunged 58.2% to $12 million. China accounted for a little more than half of the company's sales, with North America generating another 32%. A growing number of investors have voiced concern about the impact of the Sino-American trade war.)