On June 25, SMIC rose 3.07% at open, trading at HK$87.4/share with turnover of HK$82.81 million. The gain was driven by the completion of a landmark RMB 40.6 billion share issuance and TSMC's announced price increases for advanced process nodes.
SMIC officially completed its issuance of 547 million shares to acquire a 49% stake in SMIC North, making it a wholly-owned subsidiary. The National Integrated Circuit Industry Investment Fund became the company's third-largest shareholder, marking the largest asset restructuring in the STAR Market's history. Total share capital expanded to 8.561 billion shares, with no cash payment involved.
Simultaneously, TSMC has notified customers of 5%-10% price increases across all advanced nodes at 7nm and below, affecting approximately 75% of wafer revenue sources. This repricing benefits the broader foundry sector's pricing outlook. Additionally, SMIC has recorded eight consecutive days of net southbound capital inflows totaling HK$6.492 billion, indicating sustained institutional interest.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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