Core Viewpoint - SMIC (688981.SH) plans to acquire 49% equity of SMIC North from five minority shareholders, including the National Integrated Circuit Fund, for a total price of 40.601 billion yuan, which will make SMIC North a wholly-owned subsidiary of SMIC [1][3]. Group 1: Acquisition Details - The acquisition involves issuing shares to minority shareholders of SMIC North, which primarily provides 12-inch integrated circuit wafer foundry services [3]. - This transaction is expected to enhance SMIC's asset quality and business synergy, promoting long-term development without changing the company's main business scope [3]. Group 2: Capital Increase - SMIC's wholly-owned subsidiary, SMIC Holdings, has entered into a new joint venture agreement and capital increase agreement with the National Integrated Circuit Fund and its subsequent phases, increasing the registered capital of SMIC South from $6.5 billion to $10.0773 billion [3]. - The shareholding structure post-capital increase will include various funds holding specific percentages, with SMIC Holdings holding 41.561% [3]. Group 3: Market Performance - As of the latest trading session, SMIC's stock price increased by 0.33%, closing at 122.5 yuan per share, with a total market capitalization of 980.05 billion yuan [4].