2020/12/16 17:59 Chiang Shangyi (right) and Liang Mong-song. (ITRI and SMIC photo) Chiang Shangyi (right) and Liang Mong-song. (ITRI and SMIC photo) TAIPEI (Taiwan News) China s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), announced on Tuesday (Dec. 15) that Chiang Shangyi (蔣尚義) would be its new deputy chairman. Surprisingly, this was followed by an angry resignation letter rumored to be from the company s Taiwanese co-CEO, Liang Mong-song (梁孟松), according to Chinese media reports. SMIC later issued a statement, saying that the company is still verifying the authenticity of Liang’s resignation and that any changes to the top positions will be made public according to the listing rules of Hong Kong and Shanghai s mainboards.
A series about the effect China’s global power is having on nations and people’s lives. Washington this month blacklisted Semiconductor Manufacturing International Corp., accusing it of being a front for the Chinese military and cutting it off from American equipment and investment. That raises the specter of Chinese retaliation against an American company such as Apple, which would in turn hurt TSMC.
Beijing’s suggestion that it might invade Taiwan and return it to Chinese dominion could further imperil TSMC’s freedom. China has long yearned for a company as advanced as TSMC. It has invested billions of dollars and poached hundreds of Taiwanese engineers in a national Manhattan Project-like bid to catch up to Taiwan, South Korea and the U.S. Despite those efforts, China remains years behind and must import all but 15% of its semiconductors, spending more on the technology than on foreign crude oil each year.
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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.