SMIC buys out subsidiary for $5.8B as China’s chipmaking progress accelerates

Semiconductor Manufacturing International Corp., operator of China’s largest semiconductor fabrication facility, is going to get even bigger after announcing plans to buy the remaining 49% stake of a smaller foundry it already controls. SMIC said it will acquire the rest of Semiconductor Manufacturing North China Corp. for 40.6 billion yuan ($5.79 billion) to assume full […]
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