SMIC announced on December 29 that the company plans to issue shares to 5 SMIC North shareholders, including the National Integrated Circuit Fund, to purchase 49% of their shares in SMIC North at a transaction price of 40.601 billion yuan. After the transaction is completed, the company will hold 100% of SMIC North's shares. SMIC North mainly provides customers with 12-inch integrated circuit foundry and supporting services for different process platforms. The transaction is conducive to further improving the quality of the company's assets, enhancing business synergy, and promoting the long-term development of the company.

SMIC announced on December 29 that the company plans to issue shares to 5 SMIC North shareholders, including the National Integrated Circuit Fund, to purchase 49% of their shares in SMIC North at a transaction price of 40.601 billion yuan. After the transaction is completed, the company will hold 100% of SMIC North's shares. SMIC North mainly provides customers with 12-inch integrated circuit foundry and supporting services for different process platforms. The transaction is conducive to further improving the quality of the company's assets, enhancing business synergy, and promoting the long-term development of the company.