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SMIC appoints former TSMC R&D head as executive director, highlighting need for pragmatism amid push for home-grown tech Che Pan SMIC has been seen as China’s best shot to catch up with global peers like TSMC. Photo: EPA-EFE
A boardroom shake-up at China s leading wafer foundry Semiconductor Manufacturing International Corporation (SMIC) could be an attempt to bring stability to a national chip champion trying to reduce the country s reliance on core US semiconductor technology.
Chiang Shangyi, who spent nine years as head of research and development at Taiwan foundry giant TSMC before retiring in 2006, has been appointed executive director and vice-chairman of SMIC and a member of its strategic committee, according to a SMIC stock filing on Tuesday.
news You are using an older browser version. Please use a supported version for the best MSN experience.
SMIC appoints former TSMC R&D head as executive director, highlighting need for pragmatism amid push for home-grown tech Che Pan SMIC has been seen as China’s best shot to catch up with global peers like TSMC. Photo: EPA-EFE
A boardroom shake-up at China s leading wafer foundry Semiconductor Manufacturing International Corporation (SMIC) could be an attempt to bring stability to a national chip champion trying to reduce the country s reliance on core US semiconductor technology.
Chiang Shangyi, who spent nine years as head of research and development at Taiwan foundry giant TSMC before retiring in 2006, has been appointed executive director and vice-chairman of SMIC and a member of its strategic committee, according to a SMIC stock filing on Tuesday.
SMIC in turmoil as TSMC legend reportedly elevated beyond non-exec role Share
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China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has advised investors that its co-CEO has “possibly” resigned.
SMIC today halted trading on the Hong Kong Stock Exchange and then issued an announcement [PDF] in which the company s board noted certain media reported that the executive director and co-chief executive officer of the Company, Dr Liang Mong Song proposes to resign from his positions and the Company has become aware of Dr Liang s intention of conditional resignation.
It is a board s job to be well and truly in the loop when CEOs bail, so a document notifying investors of a possible resignation is extraordinary. Which begs the question: why is Dr Liang possibly resigning?
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NEW YORK, Dec. 15, 2020 /PRNewswire/ Attorney Advertising Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Semiconductor Manufacturing International Corporation ( Semiconductor or the Company ) (OTC: SMICY) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Semiconductor securities between April 23, 2020 and September 26, 2020, both dates inclusive (the Class Period ). Such investors are encouraged to join this case by visiting the firm s site: www.bgandg.com/smicy.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
Deadline on Dec 28th coming up in Lawsuit filed for Investors openpr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from openpr.com Daily Mail and Mail on Sunday newspapers.