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.”
“The company is currently actively verifying Dr. Liang’s true intention to resign with him, and any further announcements on the above matters will be made in due course,” the company added in its statement.
The leadership turmoil comes at a tricky time for SMIC. It’s facing growing US threats to its business
while trying to play a critical role in China’s
to become much more self sufficient in semiconductors to power…