Guan Cha Zhe Wang·2026-01-03 01:31Core Viewpoint - The National Integrated Circuit Industry Investment Fund has increased its stake in Semiconductor Manufacturing International Corporation (SMIC) from 4.79% to 9.25% as of December 29, 2025, indicating a significant investment in the semiconductor industry [1]. Group 1: Shareholding Changes - The National Integrated Circuit Industry Investment Fund now holds 740,245,419 shares in SMIC, representing 9.25% of the total share capital [1]. - Prior to this increase, the fund held 382,902,023 shares, which accounted for 4.79% of the total share capital [1]. - After the transaction, the fund's A-share holdings amount to 357,343,396 shares, representing 14.03% of SMIC's A-share total and 4.18% of the overall share capital [3]. Group 2: Acquisition Details - SMIC plans to acquire a 49% stake in SMIC North from several entities, including the National Integrated Circuit Industry Investment Fund, for a total price of 40.601 billion CNY [2][5]. - The acquisition will make SMIC North a wholly-owned subsidiary of SMIC, enhancing the company's asset quality and business synergy [5]. Group 3: Financial Performance - SMIC North reported a revenue of 12.979 billion CNY and a net profit of 1.682 billion CNY for the year 2024, reflecting year-on-year growth of 12% and 187%, respectively [5]. - The transaction is expected to promote the long-term development of SMIC without altering its main business scope [5]. Group 4: Future Investments - SMIC is set to receive a total of approximately 7.778 billion USD (over 50 billion CNY) in cash injections from new investors, including the National Integrated Circuit Fund Phase III and the Leading Integrated Circuit Fund [5]. - Following the capital increase, SMIC's registered capital will rise significantly from 6.5 billion USD to 10.0773 billion USD [5][6].