News Snapshot:
Is China chipmaker SMIC beleaguered by resignations? SMIC, the largest chipmaker in China, announced the resignation of its vice-chairman, Chiang Shang-yi, last week. Chiang took the role in Semiconductor Manufacturing International Corp (SMIC) almost a year ago, amidst a leadership shuffle. According to SMIC, Chiang had resigned from his position and the board from Thursday onwards to spend more time with his family, reported Reuters. Chiang was a former research director at Taiwan’s TSMC (Taiwan Semiconductor Manufacturing Company Limited) and left his position to join rival SMIC in mid-December of 2020. Interestingly, his resignation comes two months after the Chinese...
