X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
In the months before March 2004, Carmen Chang was not just running one of the largest stock market IPOs of the year, for Semiconductor Manufacturing International Corp. of Shanghai. The Shearman & Sterling partner also had to avert an international incident between two enemy governments: China and Taiwan. Chang experienced the political furor firsthand one day in 2003. Her mother’s household assistant was phoning from Taiwan, where Chang grew up. The family friend was delivering a message from the country’s Ministry of Public Security: Please stop by the office for tea, to discuss her work for SMI. Chang demurred, but over a span of months the ministry contacted other citizens who had invested in the company. Those who went heard bureaucrats lecture about the virtues of investing in Taiwan. Many of the Taiwanese investors in SMI soon began cashing out. Carmen Chang had met the founder of SMI, Richard Chang (no relation), in 2001, less than a year after he started the company. She knew that he had been a prominent industry insider in the United States and Taiwan, where he was raised. He had sold a previous company to the Taiwan Semiconductor Manufacturing Company Ltd., which pioneered advanced chip manufacturing on the island. Then, moving to the mainland, Richard Chang convinced the city of Shanghai’s industrial development branch and Goldman Sachs to invest in the new venture. Over the next two years, Carmen Chang helped SMI obtain $1.6 billion from venture capitalists. In September 2003, when she moved to Shearman & Sterling, investors already were buzzing about SMI’s IPO because the company had become the top maker of chips in China, which is set to be the largest market for chips by 2010. Read the full dealmaker profile and the complete corporate scorecard by subscribing to The American Lawyer.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.