China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned; SMNC focuses on 12" integrated circuit wafers (Reuters)

Reuters: China's SMIC plans to acquire the remaining 49% stake in its SMNC unit for ~$5.8B, making the unit wholly owned; SMNC focuses on 12" integrated circuit wafers  —  China's top foundry SMIC (0981.HK) said on Monday that it plans to acquire the remaining 49% stake in unit SMNC for 40.6 billion yuan …