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 North, including the Ch