---
title: "Understanding the Market | SMIC is up nearly 4% and plans to sell its stake in SMIC Ningbo to GOKE, which is beneficial for the company to focus on its main business"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243616270.md"
description: "SMIC is currently up nearly 4%, as of the time of writing, up 3.73%, priced at HKD 41.7, with a transaction volume of HKD 323 million. In terms of news, SMIC announced that its wholly-owned subsidiary, SMIC Holdings, intends to sell its 14.832% stake in SMIC Integrated Circuit (Ningbo) Co., Ltd. to GOKE, a leader in machine vision and AI chip design in Hunan. After the completion of this transaction, SMIC Holdings will no longer hold any equity in SMIC Ningbo. The announcement disclosed that the core production equipment, supporting infrastructure, and large-scale investment in cutting-edge technology research and development at SMIC Ningbo have accumulated high fixed costs, and it is still in the capacity ramp-up phase. Its product structure, process optimization, and capacity utilization have not yet reached optimal levels, and the advantages of high-end production lines have not been fully realized, resulting in significant losses during the reporting period. SMIC stated that this transaction is beneficial for the company to focus on its main business"
datetime: "2025-06-09T01:39:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243616270.md)
  - [en](https://longbridge.com/en/news/243616270.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243616270.md)
---

# Understanding the Market | SMIC is up nearly 4% and plans to sell its stake in SMIC Ningbo to GOKE, which is beneficial for the company to focus on its main business

According to the Zhitong Finance APP, SMIC (00981) is currently up nearly 4%. As of the time of writing, it has risen by 3.73%, trading at HKD 41.7, with a transaction volume of HKD 323 million.

In terms of news, SMIC announced that its wholly-owned subsidiary, SMIC Holdings, intends to sell its 14.832% stake in SMIC Integrated Circuit (Ningbo) Co., Ltd. to GOKE, a leading company in machine vision and AI chip design in Hunan. After the completion of this transaction, SMIC Holdings will no longer hold any equity in SMIC Ningbo.

The announcement disclosed that the core production equipment, supporting infrastructure, and large-scale investment in cutting-edge technology research and development at SMIC Ningbo have accumulated high fixed costs, and it is still in the capacity ramp-up period. Its product structure, process optimization, and capacity utilization have not yet reached optimal levels, and the advantages of the high-end production line have not been fully realized, resulting in significant losses during the reporting period. SMIC stated that this transaction is beneficial for the company to focus on its main business

### Related Stocks

- [688981.CN](https://longbridge.com/en/quote/688981.CN.md)
- [00981.HK](https://longbridge.com/en/quote/00981.HK.md)
- [300672.CN](https://longbridge.com/en/quote/300672.CN.md)
- [688469.CN](https://longbridge.com/en/quote/688469.CN.md)

## Related News & Research

- [Buy this China chip stock, Citi says](https://longbridge.com/en/news/286775385.md)
- [Flow Pharma U.S. Patent Application Allowed for Issuance Covering Broad-Spectrum Ebola Therapy](https://longbridge.com/en/news/287076761.md)
- [China Telecom's Shares Rise After Becoming Last of Country's Big Three Telcos to Roll Out Token Plans](https://longbridge.com/en/news/286859736.md)
- [Trump Dodges On Whether Violent Jan. 6 Rioters Should Get Payouts From New Fund](https://longbridge.com/en/news/286826873.md)
- [AI chip mania sows seeds of its own destruction](https://longbridge.com/en/news/286657789.md)