SHANGHAI, Nov 12 (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 departure comes just two months after SMIC's chairman,
Zhou Zixue, also resigned, citing health reasons.
Besides Chiang, three other members resigned from the board,
including co-chief executive officer Liang Mong Song, who had
threatened to quit https://www.reuters.com/article/china-smic-idCNL1N2IW04F
in December last year. He would remain in his executive role,
The resignations were not due to any disagreements with the
board and the company did not expect the moves to have a
material impact on its operations, it said.
SMIC, China's largest contract chipmaker which is partly
backed by a state-affiliated chip fund, is at the forefront of
China's charge to catch up with Japan, South Korea and the
United States in chip technology.
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.
The measures disrupted the company's plans to move into
high-end chip making, but its financial performance has been
strong as a global chip shortage has boosted demand.
Its third-quarter profit rose 22.6%.
On Friday, it said it had registered a joint venture company
for a $8.87 billion deal it has to build a chip plant in
Shanghai. It first announced the capacity expansion plan in
(Reporting by Brenda Goh; Editing by Stephen Coates and Gerry