SMIC to Acquire 49% Stake in SMNC

Reuters01-27

SMIC to Acquire 49% Stake in SMNC

Semiconductor Manufacturing International Corporation (SMIC) is acquiring a 49% equity interest in SMNC, a company established in 2013 that provides 12-inch integrated circuit wafer foundry services and supporting services for customers. Prior to the transaction, SMNC’s shareholders included various SMIC subsidiaries as well as China IC Fund, Semi Investment Center, E-Town Capital, ZGC Development, and Beijing Industrial Investment. The acquisition will involve issuing RMB shares under a specific mandate.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SMIC - Semiconductor Manufacturing International Corporation published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260127-12002572), on January 27, 2026, and is solely responsible for the information contained therein.

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KrisMo
01-28
KrisMo
How will it affect the price of smic stocks

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