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SMIC: Chaos at the top of China s biggest chipmaker
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Chaos at the top of China s biggest chipmaker
By
Jill Disis, CNN Business
Published Dec 16, 2020 7:14:53 PM
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(CNN) The C-suite of one of China s most important tech companies has just been thrown into confusion.
Semiconductor Manufacturing International Corporation (SMIC), China s biggest chipmaker, said Wednesday it was trying to confirm Chinese state media reports that its co-CEO Liang Mong Song had resigned, apparently in protest at the appointment of Chiang Shang-Yi, the former co-COO of Taiwanese chipmaker TSMC, to the board.
SMIC didn t say which media reports it was referring to, but in a statement to the Shanghai Stock Exchange it said that it had known about Liang s willingness to resign under certain conditions.
SMIC: Chaos at the top of China s biggest chipmaker CNN 12/16/2020 By Jill Disis, CNN Business © VCG/Getty Images A logo on the building of the Beijing branch of Semiconductor Manufacturing International Corporation on December 4, 2020 in Beijing, China.
Semiconductor Manufacturing International Corporation (SMIC), China s biggest chipmaker, said Wednesday it was trying to confirm Chinese state media reports that its co-CEO Liang Mong Song had resigned, apparently in protest at the appointment of Chiang Shang-Yi, the former co-COO of Taiwanese chipmaker TSMC, to the board.
SMIC didn t say which media reports it was referring to, but in a statement to the Shanghai Stock Exchange it said that it had known about Liang s willingness to resign under certain conditions.