SMIC secures approval for $5.9 billion acquisition in China’s largest domestic wafer foundry M&A
On Monday, Semiconductor Manufacturing International Corporation (SMIC) announced that its share issuance and asset acquisition plan had been reviewed and approved by the M&A (Mergers and Acquisitions) Review Committee of the Shanghai Stock Exchange. The committee determined that the transaction meets regulatory requirements for restructuring and information disclosure. In a filing disclosed in late 2025, SMIC outlined its plan to issue shares to five shareholders of SMIC Nor
China's largest domestic wafer foundry, SMIC, has received approval from the Shanghai Stock Exchange's M&A Review Committee for its significant acquisition plan. The company intends to issue shares to five shareholders of its subsidiary, SMIC North, to acquire their 49% stake. This transaction, valued at approximately $5.9 billion, is set to become the largest merger and acquisition in China's wafer foundry sector. SMIC North specializes in 12-inch wafer fabrication and related services. Upon completion, SMIC will fully own SMIC North, integrating its operations entirely.
This acquisition represents a major consolidation within China's semiconductor manufacturing capabilities, potentially strengthening SMIC's control over critical wafer production.
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