{"id":22990,"date":"2021-10-06T15:00:18","date_gmt":"2021-10-06T15:00:18","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=22990"},"modified":"2021-10-06T15:00:18","modified_gmt":"2021-10-06T15:00:18","slug":"why-this-chip-makers-new-york-ipo-has-left-a-bad-taste-in-the-mouth-for-chengdus-local-government","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=22990","title":{"rendered":"Why this chip maker\u2019s New York IPO has left a bad taste in the mouth for Chengdu\u2019s local government"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostThe local government in Chengdu, capital of southwestern Sichuan province, is seeking compensation for losses from a failed chip making joint venture, according to the initial public offering prospectus of GlobalFoundries, which is seeking a listing in New York.The US-based chip maker states it set aside a provision of US$34 million in June to settle the potential compensation, and is in talks with the Chengdu government to settle the claim, according to the prospectus. This is the first time\u2026<a href=\"https:\/\/www.scmp.com\/tech\/big-tech\/article\/3151408\/why-chip-makers-new-york-ipo-has-left-bad-taste-mouth-chengdus-local?utm_source=rss_feed\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostThe local government in Chengdu, capital of southwestern Sichuan province, is seeking compensation for losses from a failed chip making joint venture, according to&hellip; <\/p>\n","protected":false},"author":0,"featured_media":22991,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/22990"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22990"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/22990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/media\/22991"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22990"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}