国家大基金，大消息！

Core Viewpoint - The National Integrated Circuit Fund has increased its stake in SMIC's H shares from 4.79% to 9.25% as of December 29, 2025, indicating a significant investment in the semiconductor industry [1]. Group 1: Investment Details - The National Integrated Circuit Fund's investment in SMIC Southern amounts to approximately $7.778 billion (around 54.3 billion RMB), with $3.577 billion allocated to registered capital and $4.2007 billion to capital reserves [1]. - New shareholders include the National Integrated Circuit Fund Phase III, Taixin Dingji, and the Pioneer Integrated Circuit Fund, holding 8.361%, 5.545%, and 1.063% respectively [2]. - The dilution of shares for the first and second phases of the National Integrated Circuit Fund results in a decrease from 14.562% to 9.392% and from 23.077% to 14.885% respectively [2]. Group 2: Market Performance - On January 2, 2026, SMIC's H shares opened high and closed up by 5.11%, reaching HKD 75.1 per share [4]. - As of December 31, 2025, SMIC's A shares were reported at RMB 122.83 per share, with a decline of 1.96% on that day [6]. Group 3: Company Overview - SMIC is recognized as a leading integrated circuit foundry globally and a key player in China's semiconductor manufacturing sector, providing 8-inch and 12-inch wafer foundry and technology services [3].