Core Viewpoint - SMIC International announced a suspension of trading on August 29, 2023, as it plans to acquire a 49% minority stake in its subsidiary, SMIC North Integrated Circuit Manufacturing, through the issuance of A-shares [1] Group 1: Acquisition Details - The acquisition involves issuing A-shares to purchase the minority stake in SMIC North, with specific terms still under discussion [1] - Initial identified transaction partners include major investment entities such as the National Integrated Circuit Industry Investment Fund, Beijing Integrated Circuit Manufacturing and Equipment Investment Center, and others [1] - Trading of the company's stock will be suspended starting September 1, 2025, for a period not exceeding 10 trading days [1] Group 2: SMIC North's Background - SMIC North was established in July 2013 as a joint investment between SMIC International and the Beijing municipal government, focusing on 12-inch integrated circuit manufacturing [2] - The facility has two production lines with a combined monthly capacity of 70,000 wafers, producing advanced technology products [2] Group 3: Strategic Considerations - The acquisition aims to recover profitable assets, enhancing the overall profit of the listed company, as SMIC North has been operational for over 10 years and is nearing the end of its depreciation period [2] - By acquiring the 49% stake, SMIC International will increase its ownership in SMIC North to 100%, significantly boosting its net profit attributable to shareholders [3] - The acquisition also addresses the exit needs of major shareholders, particularly the National Integrated Circuit Industry Investment Fund, which has been in its investment phase for nearly 11 years [3] Group 4: Financial Projections - Revenue projections for SMIC International are estimated at 69.93 billion, 82.52 billion, and 96.38 billion yuan for 2025, 2026, and 2027, respectively, with net profits of 5.33 billion, 6.71 billion, and 8.39 billion yuan [3] - The corresponding price-to-earnings ratios are projected to be 172, 137, and 109 times for the respective years, indicating strong competitive positioning in the wafer foundry sector [3]

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 8月29日消息，中芯国际晚间公告，公司正筹划以发行A股的方式收购控股子公司中芯北方集成电路制造（北 京）有限公司（简称 "中芯北方"）的少数股权，股票预计停牌时间不超过10个交易日。 中芯国际及子公司目前持有中芯北方51%股权。公告指出，本次交易尚处于筹划阶段，公司正与交易意向方接 洽，初步确定的交易对方包括国家集成电路产业投资基金股份有限公司（简称"大基金一期"）、北京集成电路 制造和装备股权投资中心（有限合伙）、北京亦庄国际投资发展有限公司、中关村发展集团股份有限公司、北 京工业发展投资管理有限公司。最终交易对方需以后续披露的重组预案或重组报告书内容为准。 中芯北方是中芯国际旗下多家工厂之一，该公司成立于2013年，旨在建设中芯北京二期项目，专注于45纳米及 更精细集成电路的量产，聚焦于消费电子。 成立时，中芯北方股东有中芯国际及其子公司与北京工业发展投资管理有限公司、中关村发展集团, 2016年5月 份，中芯国际引入重量级股东国家集成电路基金，该股东出资6.36亿美元，持有中芯北方26.5%份 ...