SMIC plans full control of Beijing wafer fab

SMIC, a Shanghai-based contract chipmaker, said on June 24 that it plans to acquire the remaining 49% of SMIC Northern Integrated Circuit Manufacturing (Beijing) Co. Ltd. by issuing shares, giving it full ownership of the mature-process wafer fab.

SMIC previously owned 51% of the unit. The sellers are the National Integrated Circuit Industry Investment Fund, the Integrated Circuit Investment Center, Yizhuang State Investment, Beijing Industrial Investment, and Zhongguancun Development.