Source: Tech – South China Morning PostSemiconductor Manufacturing International Corporation (SMIC), China’s largest wafer foundry, has cleared the final regulatory hurdle for a share-based acquisition of the remaining 49 per cent stake in its Beijing-based foundry unit, paving the way for what could become the largest merger and restructuring deal on Shanghai’s Star Market.
China’s securities regulator approved SMIC’s plan to issue 547.2 million A-shares to five shareholders of Semiconductor Manufacturing North China (Beijing)…Read More