SMIC Boosts Stake as Capital in Key JV SMSC Rises to Over US$10 Billion

Semiconductor Manufacturing International ( (HK:0981) ) has provided an announcement.

Semiconductor Manufacturing International Corporation has moved to further expand and rebalance its major Shanghai-based joint venture, SMSC, by entering a new joint venture agreement and a capital injection and share expansion arrangement with a broader group of state-backed and private investors. The move will raise SMSC’s registered capital from US$6.5 billion to US$10.0773 billion and adjust the ownership structure so that SMIC Holdings’ stake rises from 38.515% to 41.561%, while introducing China IC Fund III, Taixin Dingji and Pioneer IC Fund as new shareholders and diluting some existing fund investors. This capital increase strengthens SMIC’s control and influence over a strategically important manufacturing platform, supports continued capacity expansion in China’s semiconductor sector, and signals ongoing policy-backed financial support that could enhance the company’s competitive positioning and long-term growth prospects in the domestic chip-fabrication ecosystem.

The most recent analyst rating on (HK:0981) stock is a Hold with a HK$67.00 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.

More about Semiconductor Manufacturing International

Semiconductor Manufacturing International Corporation (SMIC) is a leading pure-play foundry in the semiconductor industry, providing integrated circuit manufacturing services. Through its wholly owned subsidiary SMIC Holdings, the company focuses on expanding advanced manufacturing capacity in mainland China, often partnering with national and regional integrated circuit investment funds to support large-scale fabrication projects.

Average Trading Volume: 88,291,163

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$697.1B

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