On May 21, SMIC unveiled its strategic move to acquire a 49% stake in SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd. This stake is currently co-owned by a consortium of entities: the National Integrated Circuit Industry Investment Fund Co., Ltd., Beijing Integrated Circuit Manufacturing and Equipment Equity Investment Center (Limited Partnership), Beijing Yizhuang International Investment and Development Co., Ltd., Zhongguancun Development Group Co., Ltd., and Beijing Industrial Development Investment Management Co., Ltd. The acquisition will be executed through the issuance of shares.

Fast forward to May 21, 2026, SMIC made another significant announcement, revealing that it had secured formal approval from the China Securities Regulatory Commission (CSRC) for its application to register and issue shares aimed at purchasing these assets. The detailed issuance plan is outlined as follows: 357,343,396 shares will be allocated to the National Integrated Circuit Industry Investment Fund Co., Ltd.; 100,502,830 shares to Beijing Integrated Circuit Manufacturing and Equipment Equity Investment Center (Limited Partnership); 64,210,141 shares to Beijing Yizhuang International Investment and Development Co., Ltd.; 12,562,853 shares to Zhongguancun Development Group Co., Ltd.; and an equal number, 12,562,853 shares, to Beijing Industrial Development Investment Management Co., Ltd., all for the purpose of acquiring the relevant assets.