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收购审议通过,中芯国际复盘
半导体行业观察·2025-09-09 01:02

Core Viewpoint - The article discusses the acquisition plan of SMIC (Semiconductor Manufacturing International Corporation) to purchase the remaining 49% stake in SMIC North from various investors, which will make SMIC North a wholly-owned subsidiary of SMIC. This transaction is expected to enhance the asset quality and business synergy of SMIC, promoting its long-term development [2][3][4]. Group 1: Acquisition Details - SMIC plans to issue shares to acquire the 49% stake in SMIC North, which will increase its ownership from 51% to 100% [2][3]. - The acquisition is not expected to change the main business scope of SMIC, and the company will still have no actual controller post-transaction [3][4]. - The transaction aligns with national industrial policies and is consistent with the positioning of the Sci-Tech Innovation Board [4]. Group 2: Strategic Benefits - The acquisition is anticipated to improve the asset quality of SMIC and enhance business synergy, benefiting all shareholders [4]. - By integrating profitable assets, SMIC aims to increase its net profit significantly, as SMIC North is at its peak profitability [4][5]. - The transaction also addresses the exit needs of certain shareholders, particularly the National Integrated Circuit Fund, which has been a major shareholder for nearly 11 years [5].