NSIG to acquire remaining stake in Shanghai Integrated Circuits firms

National Silicon Industry Group (SSE:688126) is moving to acquire the remaining equity in Shanghai integrated circuit firms, solidifying its position in the semiconductor supply chain. The company has announced plans to issue shares and make cash payments to acquire the remaining stakes in several Shanghai-based integrated circuit material companies, including Shanghai Integrated Circuits, Shanghai Sitri, and Shanghai Finance, according to a recent draft report. The total transaction is valued at CNY7,039,621,536.73.