Xin Lang Cai Jing·2025-12-30 11:09Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) plans to acquire 49% equity stake in SMIC North from five shareholders for a transaction price of 40.601 billion yuan, which will result in SMIC holding 100% of SMIC North's equity, making it a wholly-owned subsidiary [1][5]. Group 1: Transaction Details - The transaction involves issuing shares to the National Integrated Circuit Fund and other shareholders to purchase the 49% stake in SMIC North [1][5]. - After the completion of the transaction, SMIC will fully own SMIC North, enhancing its control over the subsidiary [5][7]. Group 2: Company Background - SMIC North was established in July 2013 in Beijing with a registered capital of 4.8 billion USD, co-invested by SMIC and the Beijing municipal government [5][7]. - The company specializes in 12-inch wafer manufacturing, covering process technologies from 65 to 28 nanometers [5][7]. Group 3: Strategic Implications - The acquisition is expected to improve the asset quality of SMIC, enhance business synergies, and promote long-term development, benefiting all shareholders [5][7]. - SMIC North provides various process platforms for 12-inch integrated circuit wafer foundry and related services, which aligns with SMIC's operational strategy [5][7]. Group 4: Market Performance - As of December 29, 2025, SMIC's stock closed at 122.5 yuan, with a slight increase of 0.33%, a turnover rate of 2.53%, and a trading volume of 506,800 hands, amounting to a transaction value of 6.28 billion yuan [5][7].