{"id":138,"date":"2025-06-06T21:25:09","date_gmt":"2025-06-06T21:25:09","guid":{"rendered":"https:\/\/jobuzo.com\/en\/chinese-chipmaker-smic-offloads-stake-in-ningbo-unit-to-focus-on-core-operations\/"},"modified":"2025-06-06T21:25:09","modified_gmt":"2025-06-06T21:25:09","slug":"chinese-chipmaker-smic-offloads-stake-in-ningbo-unit-to-focus-on-core-operations","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/chinese-chipmaker-smic-offloads-stake-in-ningbo-unit-to-focus-on-core-operations\/","title":{"rendered":"Chinese chipmaker SMIC offloads stake in Ningbo unit to focus on core operations"},"content":{"rendered":"
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Semiconductor Manufacturing International Corp<\/span> (SMIC), mainland China’s largest contract chipmaker, has divested its entire stake in an unprofitable chip foundry operation amid a new wave of consolidation in the domestic integrated circuit (IC) industry.<\/div>\n
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Shanghai<\/span>-based SMIC agreed to sell its 14.83 per cent stake in Ningbo Semiconductor International (NSI) for 57.01 yuan (US$7.94) per share to semiconductor<\/span> design firm Goke Microelectronics<\/span>, according to the chipmaker’s filing on Thursday. The deal’s total amount was not disclosed.<\/div>\n

“This transaction will help the company focus on its core business,” SMIC said in the filing.<\/p>\n

A separate filing on Friday by Shenzhen<\/span>-listed Goke Microelectronics revealed the firm’s plan to buy more shares in NSI – headquartered in Ningbo, eastern Zhejiang<\/span> province – from 10 other stakeholders to raise its stake to 94.37 per cent, using a combination of cash and shares. The stakeholders include the China Integrated Circuit Industry Investment Fund<\/span>, also known as the “Big Fund”.<\/div>\n
The Hong Kong<\/span>-listed shares of SMIC fell 4.9 per cent to HK$40.20 (US$5.12) on Friday, while its stock in Shanghai gained 0.2 per cent to 84.56 yuan. Goke Microelectronics’ shares in Shenzhen rose 5.5 per cent to close at 85.50 yuan.<\/div>\n
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SMIC’s asset sale and Goke Microelectronics acquisition reflect efforts by domestic semiconductor firms to strengthen their operations in response to the US government’s tightened tech restrictions on China<\/span>.<\/div>\n<\/div>\n

Chinese chipmaker SMIC offloads stake in Ningbo unit to focus on core operations<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Semiconductor Manufacturing International Corp (SMIC), mainland China’s largest contract chipmaker, has divested its entire stake in an unprofitable chip foundry operation amid a new wave of consolidation in the domestic integrated circuit (IC) industry. Advertisement Shanghai-based SMIC agreed to sell its 14.83 per cent stake in Ningbo Semiconductor International (NSI) for 57.01 yuan (US$7.94) per…<\/p>\n

Read More “Chinese chipmaker SMIC offloads stake in Ningbo unit to focus on core operations”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=138"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/139"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}