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South China Morning Post
SMIC's facilities in the Pudong district of Shanghai, China. Photo: AFP
China's key state investment fund has acquired a substantial interest in Semiconductor Manufacturing International Corporation (SMIC), now holding the position of the third-largest shareholder. This significant investment aligns with China's ambitions to bolster its semiconductor capabilities amidst ongoing global industry challenges. The move reflects a growing focus on securing technology independence and strengthening China's position in the semiconductor supply chain.
MonitorConfidence: HighShort term horizon
Published 25 Jun 2026, 10:26 UTC1 min read
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Summary
TL;DR
- China's state-backed fund becomes SMIC's third-largest shareholder.
- The investment underscores the importance of semiconductor manufacturing.
- SMIC is China's largest semiconductor manufacturer.
- The buyout follows the recent trend of increased capital flow into tech firms.
- This move is part of China’s strategy for tech independence.
Interesting facts
- This acquisition highlights the increasing role of state investment in the tech sector.
- SMIC's position in global supply chains remains precarious due to geopolitical tensions.