China’s SMIC moves to consolidate domestic chipmaking as it buys out SMNC minority stake.

China’s largest contract chipmaker, Semiconductor Manufacturing International Corp (SMIC), is taking a decisive step to tighten its grip on a key manufacturing arm as Beijing pushes for deeper self-reliance in semiconductors amid sustained U.S. technology curbs. SMIC said on Monday it plans to acquire the remaining 49% stake in its subsidiary SMIC Ningbo (SMNC) for

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