Big Fund Strengthens Hold in SMIC Through Record Buyout
大基金通过创纪录收购强化对中芯国际影响力
China’s state-backed Big Fund has become the third-largest shareholder of SMIC after the chipmaker completed a record 40.6 billion yuan (US$6 billion) acquisition on Shanghai’s Star Market. SMIC issued 547 million shares to buy a 49% stake in its Beijing subsidiary, Semiconductor Manufacturing North China (SMNC), from five shareholders, including the Big Fund. The company said the deal will improve asset quality, strengthen business synergies, and support long-term growth. Analysts said the acquisition helps ease SMIC’s capacity constraints while turning outside investor interests into strategic advantages. The move highlights Beijing’s continued use of the Big Fund to support semiconductor expansion and boost China’s chip self-sufficiency.
中国国家大基金在中芯国际完成上海科创板史上最大并购交易后，成为其第三大股东。中芯国际发行5.47亿股、价值406亿元人民币的股份，收购北京子公司北方集成电路制造公司49%的股权。公司表示，此举将提升资产质量、增强协同效应并促进长期发展。分析人士认为，该交易有助于缓解产能不足，并将外部股东利益转化为战略优势。此举也显示，北京仍依靠大基金推动半导体产业扩张，支持中国实现芯片自主可控目标。
