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SMIC: Discontinuation of Equity Sale in Joint Venture Semiconductor Manufacturing International (Ningbo) Corp.
2025-11-28 /
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Author：小编
On November 28, SMIC issued a statement revealing that its wholly-owned subsidiary, SMIC Holdings, along with Goke Microelectronics, had initially intended to proceed with a transaction involving the sale of a 94.366% equity stake in Semiconductor Manufacturing International (Ningbo) Corp. Nevertheless, due to the involved parties' inability to finalize an agreement within the anticipated time frame, they mutually decided to call off the deal. Following the termination, SMIC Holdings will retain a 14.832% equity interest in Semiconductor Manufacturing International (Ningbo) Corp. Moreover, the cancellation of this transaction is expected to have no material adverse effect on the company's financial standing.
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