SMIC buys out subsidiary for $5.8B as China’s chipmaking ...
3 days ago · SMNC was founded in June 2013 with significant government funding to build up China’s domestic manufacturing industry. It initially focused on 45-nanometer semiconductors, …
SMIC Buys Out Chip Unit For $5.8 Billion in Consolidation Push
3 days ago · The transaction values the subsidiary, Semiconductor Manufacturing North China (Beijing) Corp., or SMNC, at nearly 82.9 billion yuan, representing a premium of roughly 98% …
China's SMIC to take full control of unit SMNC in $5.8 ...
4 days ago · China's top foundry SMIC said on Monday that it plans to acquire the remaining 49% stake in unit SMNC for 40.6 billion yuan ($5.79 billion), giving it full control of the unit.
Chinese foundry SMIC to take full control of SMNC ...
2 days ago · China’s leading pure-play foundry Semiconductor Manufacturing International Corp. (SMIC) is acquiring the remaining 49% stake in Semiconductor Manufacturing North China …
SMIC acquires remaining stake in SMNC for USD 5.8 billion
3 days ago · SMIC takes over SMNC by acquiring 49% stake, enhancing assets and supporting chip expansion. BEIJING — Semiconductor Manufacturing International Corp (SMIC), China’s …
SMIC Acquires Subsidiary in $5.8B Deal, Bolstering China's ...
The deal, originally announced in September, involves SMIC issuing shares to SMNC's shareholders, including the China Integrated Circuit Industry Investment Fund and other …
China's SMIC to Take Full Control of Unit SMNC in $5.8B Deal
5 days ago · Economic news China's SMIC to Take Full Control of Unit SMNC in $5.8B Deal Gurutrade December 29, 2025 at 5:30 PM 580 BEIJING, Dec 29 (Reuters) - China's top …