Xinshinuo Semiconductor is a semiconductor equipment localization technology company. The robot recently issued an announcement to transfer a total of 65% of the equity of the wholly-owned subsidiary Xinshi Nuo Semiconductor at a transaction price of approximately 1.072 billion yuan. Among them, 35% of the equity was transferred to five limited partnerships including Juyuan Zhenxin (all belong to SMIC); the remaining 30% of the equity was transferred to other investments such as Beijing Integrated Circuit Equipment Industry Investment M&A Fund (Limited Partnership) square. After the equity transfer is completed, the company will only hold 35% of the equity of Suzhou Xinshinuo, and Suzhou Xinshinuo will no longer be a wholly-owned subsidiary of the company.
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