# SMNC is to become a wholly owned subsidiary of SMIC, boosting the semiconductor manufacturer’s prowess and market position.

*semiconductor · news · 2026-05-22 · South China Morning Post*

## Key points

- SMIC has received regulatory approval to acquire the remaining 49% stake in SMNC.
- The deal values the 49% stake in SMNC at 40.6 billion yuan (US$5.97 billion).
- SMIC will issue 547.2 million A-shares to five state-linked investors for the acquisition.
- Post-acquisition, SMNC will become a wholly owned subsidiary of SMIC, enhancing its earnings per share.

**Companies:** Semiconductor Manufacturing International Corporation
**Countries:** China

[Read the full story on South China Morning Post](https://www.scmp.com/tech/article/3354471/chinas-smic-clears-final-hurdle-us6-billion-takeover-smnc)

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