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TAIPEI • Taiwan Semiconductor Manufacturing Co (TSMC) triggered a global chip stock rally after outlining plans to pour as much as US$28 billion (S$37 billion) into capital spending this year, a staggering sum aimed at expanding its technological lead and constructing a plant in Arizona to serve key American customers.. Read more at straitstimes.com.
China’s Top Chipmaker Slides After Co-CEO Abruptly Quits Bloomberg 12/16/2020 Bloomberg News (Bloomberg) -- Semiconductor Manufacturing International Corp. shares fell after news emerged about the surprise resignation of a top executive who spearheaded the rapid technological ascent of China’s largest chipmaker. Popular Searches SMIC is trying to reach co-Chief Executive Officer Liang Mong Song after online media circulated a resignation letter they said originated with the industry veteran. Liang quit after SMIC appointed a vice chairman without consulting him, accordin...
China’s champion chip maker checks if co-CEO still wants to work there A logo of Semiconductor Manufacturing International Corporation (SMIC) (REUTERS)Premium Xie Yu , The Wall Street Journal SMIC shares fell after reports one of its leaders planned to resign, which was news to the company, and MSCI moved to evict it from its indexes Share Via Read Full Story Shares of China’s top chip maker fell sharply Wednesday over uncertainty surrounding the possible departure of one of its two chief executives and MSCI Inc.’s decision to exclude the company from its indexes. In stock-exchange fi...
China’s Top Chipmaker Slides After Co-CEO Abruptly Quits Bloomberg 12/16/2020 Bloomberg News (Bloomberg) -- Semiconductor Manufacturing International Corp. shares fell after news emerged about the surprise resignation of a top executive who spearheaded the rapid technological ascent of China’s largest chipmaker. Popular Searches SMIC is trying to reach co-Chief Executive Officer Liang Mong Song after online media circulated a resignation letter they said originated with the industry veteran. Liang quit after SMIC appointed a vice chairman without consulting him, accordin...
SMIC shares plunge after co-CEO quits MIFFED? Liang Mong-song resigned after the Chinese chipmaker appointed former TSMC executive Chiang Shang-yi as vice chairman without consulting him, reports said Bloomberg Semiconductor Manufacturing International Corp (SMIC, 中芯國際) shares plunged almost 10 percent after news emerged about the surprise resignation of a top executive who spearheaded the rapid technological ascent of China’s largest chipmaker. SMIC is trying to reach co-CEO Liang Mong-song (梁孟松) after online media circulated a resi...