HONG KONG, Feb 8, 2026, 08:40 HKT — Market closed
- SMIC edged 0.22% higher on Friday, closing at HK$67.60.
- The board’s set to announce its unaudited financial results on Feb. 10, following a meeting that day.
- Shareholders are set to decide Feb. 12 on whether to approve the purchase of the remaining 49% stake in SMNC.
Shares of Semiconductor Manufacturing International Corp didn’t budge much in Hong Kong trading on Friday. Next week could be a different story, with earnings on tap and a crucial shareholder vote looming over a proposal to streamline the ownership of its core 12-inch wafer business. Reuters
The next hurdle isn’t far off. SMIC’s board is set to gather on Tuesday, Feb. 10, with the company slated to release its unaudited results then. HKEX News
Investors pick up a second lever two days later: an extraordinary general meeting set for Feb. 12 in Shanghai. Trading in the name tends to tighten before corporate votes in Hong Kong—settlement quirks and register details sometimes move the needle as much as the big headlines.
SMIC will try to secure approval on Feb. 12 to buy the other 49% of SMNC, its subsidiary focused on 12-inch integrated circuit wafer foundry services. Foundries, in the chip world, build semiconductors for clients based on their designs.
SMIC intends to settle most of the payment by issuing 547,182,073 new RMB shares, according to the circular. The company said making SMNC a wholly owned unit should boost both its asset quality and how quickly it can make decisions.
Things are already moving behind the scenes. The company said it will close the register of members from Feb. 9 to Feb. 12. Investors have until Feb. 6 to lodge Hong Kong share transfers if they want to qualify to attend and vote.
Chipmakers have been on a bumpy ride lately. Friday saw U.S. chip stocks rally, with buyers latching onto hopes that major AI data center investments will keep orders flowing in the sector. “There’s real demand for AI products… and a necessity of a lot of spending to get there,” said Ross Mayfield, investment strategy analyst at Baird. Reuters
Things have played out less predictably in Asia. “With U.S. tech wobbling, sentiments tend to trickle over to Asian tech as well,” Zavier Wong, a market analyst at eToro, told Reuters on Friday. Reuters
SMIC’s immediate spotlight is on management’s comments around utilisation, pricing, and capex as the numbers drop. Investors are also watching the shareholder vote—looking for a clean pass, no unexpected holdups to the SMNC deal.
Still, risks are on the table. Any sign of bigger spending requirements or a more guarded outlook could stir worries over returns—especially in such a capital-heavy business. And for China’s chip sector, policy headlines on tech trade continue to cast a shadow in the background.
Aside from company news, traders have their sights set on macro data likely to sway global rate bets and growth names. U.S. January CPI drops Feb. 13, with the employment report due Feb. 11. Bureau of Labor Statistics
Hong Kong’s markets will wind down for Lunar New Year, with the securities exchange set to close from Feb. 17 through Feb. 19. That holiday window tends to accelerate positioning, particularly in the more volatile tech shares. hkex.com.hk
