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中芯国际完成中国最大芯片代工厂收购监管审批 2026-05-12
Semiconductor Manufacturing International Corporation, China’s largest contract chipmaker, has received stock exchange approval to proceed with the biggest ever acquisition deal in the country’s wafer foundry industry.
The Shanghai Stock Exchange signed off on May 11 on SMIC’s proposed private placement of shares to finance the acquisition of the equity in SMIC North that it does not already own.
While the deal still requires final approval from the China Securities and Regulatory Commission, the bourse’s green light advances Shanghai-based SMIC’s bid to take full ownership of the subsidiary, one of China’s major wafer foundries.
Under a plan set out last September, SMIC will issue new stock to five shareholders, including the China Integrated Circuit Industry Investment Fund, to acquire their combined 49 percent stake in SMIC North for about CNY40.6 billion (USD6 billion). The deal will help SMIC further improve its asset quality, enhance its business synergy, and promote its long-term development, the firm said.
SMIC North was formed in 2013 by SMIC Beijing, Zhongguancun Development Group, and Beijing Industrial Developing Investment Management.
In the first eight months of last year, it had operating revenue of CNY9 billion (USD1.3 billion) and net profit of CNY1.5 billion. Revenue and profit came in at CNY13 billion and CNY1.7 billion in 2024 and CNY11.6 billion and CNY585 million (USD86.1 million) in 2023.
Last year, SMIC’s revenue climbed by more than 16 percent to CNY67 billion, while net profit grew 36 percent to CNY5 billion. According to TrendForce, its global income from the wafer foundry business was about USD9.3 billion, ranking it third globally after Taiwan Semiconductor Manufacturing and Samsung.
Source: Yicai Global
