AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
SMIC board approves transaction, A shares to resume trading September 9
ByAinvest
Monday, Sep 8, 2025 7:38 am ET1min read
SMIC board approves transaction, A shares to resume trading September 9
The Semiconductor Manufacturing International Corporation (SMIC) board has approved the company's plan to acquire full ownership of its subsidiary, Semiconductor Manufacturing North China (Beijing) Corporation (SMNC). This move comes as part of ongoing consolidation efforts within China's semiconductor industry [1].SMIC currently owns 51% of SMNC, with the remaining equity stake held by state-owned investors. The acquisition will involve additional state-owned investors, including the China Integrated Circuit Industry Investment Fund, Beijing Semiconductor Manufacturing and Equipment Equity Investment Centre, Beijing E-Town International Investment & Development, and Zhongguancun Development Group. The transaction is still in its preliminary stages, with certain elements being negotiated [1].
Following the announcement, SMIC's shares listed in Shanghai were suspended for a maximum of ten trading days. However, the company has since indicated that A shares will resume trading on September 9 [1].
SMNC, founded in June 2013, focuses on manufacturing capabilities for 45 nanometer and smaller technologies, aiming for a monthly capacity of 35,000 wafers. In 2021, SMNC reported operating revenue of $1.51 billion and a net profit of $314 million [1].
In the first half of 2025, SMNC and another SMIC subsidiary, Semiconductor Manufacturing Beijing Corporation (SMBC), collectively generated revenue of 8.87 billion yuan ($1.24 billion) and a combined net profit of 125 million yuan [1].
SMIC's first-half 2025 revenue increased by 22% year-on-year, reaching nearly $4.46 billion, while net profit surged by 35.6% to $320 million [1].
The acquisition of SMNC aligns with SMIC's strategy to strengthen its position in the competitive semiconductor market, particularly in the face of geopolitical tensions and export control measures [1].
References:
[1] https://www.verdict.co.uk/news/smic-acquire-full-ownership-subsidiary/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet