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SMIC Issues 547 Million Shares to Acquire 49% Stake in SMIC North

On June 24, SMIC announced that it would issue 547 million shares to five shareholders of SMIC North, including the National Integrated Circuit Fund, to purchase their 49% stake in SMIC North at a price of 74.2 yuan per share. The newly issued shares were registered with the Shanghai branch of China Securities Depository and Clearing Co., Ltd. on June 23, 2026. The transfer procedures for the underlying assets were completed on June 12, 2026, and the 49% stake in SMIC North has been officially registered under SMIC.

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