Chinese chipmaker says top executive, board members, quit
SHANGHAI (Reuters) - China's largest chipmaker, Semiconductor Manufacturing International Corp, said its vice-chairman has resigned in a leadership reshuffle less than a year after he took the role.
Chiang, a former research director at Taiwan's TSMC, joined SMIC in late December. The company said he had resigned from his vice-chairman position as well as from the board with effect from Thursday in order to spend more time with his family.
His departure comes just two months after SMIC's chairman, Zhou Zixue, also resigned citing health reasons.
Besides Chiang, three other members also resigned from the board, including co-chief executive officer Liang Mong Song who had threatened to quit in December last year. He would remain in his executive role, SMIC said.
The company is on a U.S. blacklist that denies it advanced manufacturing equipment from U.S. suppliers due to its alleged ties to China's military, claims SMIC rejects.
https://money.usnews.com/investing/news/articles/2021-11-11/chinese-chipmaker-says-top-executive-board-members-quit