Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) plans to acquire 49% of the shares of SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. through a share issuance, aiming for full ownership and control of the company [4][7]. Group 1: Transaction Details - The transaction involves issuing A-shares to existing shareholders of SMIC North, with a share price set at 74.2 yuan, representing a 35% discount compared to the pre-suspension price of approximately 114.76 yuan [7]. - The acquisition will increase SMIC's ownership in SMIC North from 51% to 100%, reflecting strong confidence in the future development of SMIC North [7]. Group 2: Background of SMIC North - SMIC North was established in July 2013 as a joint investment between SMIC and the Beijing government, focusing on a 12-inch wafer manufacturing base [5]. - The company has become a crucial part of SMIC's capacity layout in Beijing, operating two 300mm production lines with a total monthly capacity of 70,000 wafers [5]. - SMIC North covers 40nm and 28nm process technologies, including Polysion and high-k metal gate (HKMG) processes, serving various applications such as general logic circuits, low-power logic circuits, mixed circuits, and RF chips [5].