SMIC Gets First Regulatory Nod for Largest M&A in China’s Wafer Foundry Industry

AI Summary

SMIC has received regulatory approval for its planned acquisition in the wafer foundry sector, which involves issuing new shares to five shareholders. This marks a significant merger and acquisition activity within China's semiconductor industry.

SMIC will issue new shares to five shareholders, including the China Integrated Circuit Industry Investment Fund, to acquire their combined 49 ...