SMIC announced that it plans to issue shares to the National Integrated Circuit Industry Investment Fund and other parties to acquire a 49% stake in SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. The Merger and Acquisition Restructuring Review Committee of the Shanghai Stock Exchange is scheduled to review this matter on May 11, 2026. This transaction requires approval from the Shanghai Stock Exchange and registration consent from the China Securities Regulatory Commission, with uncertain outcomes.
