China's SMIC to take full control of unit SMNC in $5.8 billion deal

Semiconductor Manufacturing International

29/12/2025 14:44

BEIJING, Dec 29 (Reuters) - China's top foundry SMIC 0981.HK said on Monday that it plans to acquire the remaining 49% stake in unit SMNC for 40.6 billion yuan ($5.79 billion), making the unit wholly owned.

The deal will be executed through issuing 547.2 million A-shares to five SMNC shareholders, including China's National Integrated Circuit Industry Investment Fund, SMIC said in a filing to the Shanghai Stock Exchange.

($1 = 7.0065 Chinese yuan renminbi)

 (Reporting by Ethan Wang and Ryan Woo; Editing by Alison Williams)

 ((Ethan.Wang@thomsonreuters.com;))