Semiconductor Manufacturing International Corporation
Coverage of Semiconductor Manufacturing International Corporation in the Nexus archive.
- Mainland investors in buying mood for Hong Kong shares, favouring SMIC, Zhipu AI
Mainland investors purchased HK$27.1 billion of Hong Kong stocks in June via the cross-border Stock Connect programme, favoring AI-related companies like Semiconductor Manufacturing International Corp (SMIC) and Knowledge Atlas Technology. This marked a reversal from a HK$3.6 billion outflow in May.
- China’s Big Fund becomes SMIC’s third-largest shareholder after record Star Market buyout
China’s state-backed Big Fund has become the third-largest shareholder of Semiconductor Manufacturing International Corporation (SMIC) following a record acquisition of a manufacturing subsidiary on Shanghai’s Star Market. The deal involved SMIC issuing 547 million shares worth 40.6 billion yuan ($6 billion) to five shareholders.
- China’s SMIC clears final hurdle for US$6 billion takeover of SMNC
SMIC, China's largest wafer foundry, has received regulatory approval to acquire the remaining 49% stake in its Beijing-based foundry unit through a share issuance of 547.2 million A-shares. This deal is positioned to become the largest merger and restructuring transaction on Shanghai's Star Market.