government. As of June 2019, SMIC instead became available for over-the-counter trading by American investors via the OTC Markets Group OTCQX Best Market under the stock symbol "SMICY". In 2019, Qualcomm, Huawei, and IMEC were still minority shareholders in SMIC's R&D arm. In May 2020, in support of the country's Made in China 2025 program; the China National Integrated Circuit Industry Investment Fund and the Shanghai Integrated Circuit Industry Investment Fund invested a combined US$2 billion, gaining, respectively, 23.08% and 11.54% ownership of SMIC. In July 2020 SMIC issued 1,685,620,000 shares at 27.46 yuan per share on the STAR Market of the Shanghai Stock Exchange, raising 46.28 billion yuan ($6.62 billion). On July 21, 2022, the company established 7 nm technology. This technology was achieved in two years. Litigation with TSMC The company was the target of a lawsuit brought by TSMC, accusing SMIC of misappropriating TSMC intellectual property. The first round of litigation ended in 2005 with a $175 million settlement. A second round was opened in 2006. The liability phase of the lawsuit began on September 9, 2009, in Oakland, California, and the jury found SMIC liable on 61 out of 65 claims. SMIC entered into a settlement agreement with TSMC to resolve all pending lawsuits between the parties, including the legal action filed by TSMC in California for which a verdict was returned by the jury against SMIC on November 4, 2009, and the legal action filed by SMIC in Beijing. SMIC and TSMC entered into a settlement agreement on November 9, 2009, to settle and dismiss the California case, including all claims and defenses of SMIC yet to be decided in that case and SMIC's appeal in the Beijing case, thus concluding all pending court litigation between the parties. Key provisions of the settlement include a mutual release of all claims that were or could have been brought in the pending lawsuits; termination of SMIC's obligation to make remaining payments under the prior settlement agreement between the parties (approximately US$40 million); payment to TSMC of an aggregate of US$200 million; and a grant to TSMC of approximately 8% of SMIC's issued share capital and a warrant which would allow TSMC to obtain total ownership of approximately 10% of SMIC's issued share capital. U.S. sanctions In September 2020, the United States Department of Commerce declared SMIC a military end-user and required that American technology companies dealing with