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Business·22.05.2026Resumen IA
SMIC secures final regulatory approval for $9 billion acquisition of SMNC
SMIC, China's largest foundry, has received final regulatory approval from the China Securities Regulatory Commission (CSRC) to acquire the remaining 49% of SMNC for approximately $9 billion. This move will make SMNC a wholly-owned subsidiary of SMIC.
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