Photo source: visual China
Source: daily economic news, China Securities Journal, China Fund News, company announcement
Editor: Lu Xiangyong and Wang Jiaqi
Original title: the 400 billion chip giant ushered in the 74 year old “God of technology”, but the co CEO abstained and resigned! Just now, the company responded
On the evening of December 15, SMIC disclosed five announcements in one breath, including a new personnel appointment announcement, which aroused strong concern in the market.
The former vice chairman of SMIC, Mr. Jiang, returned to the post of technical director of SMIC. What was unexpected was that Liang Mengsong, the co CEO of SMIC international, resigned on the board of directors. At the same time, Liang Mengsong had no reason to abstain from voting for the appointment of Jiang Shangyi.
Liang Mengsong’s letter to the board of directors from the Internet shows that Liang Mengsong believed that Jiang Shangyi’s appointment as vice chairman of SMIC was only informed by Zhou Zixue, chairman of the board of directors, on December 9. He had no idea about this before.
In the morning of December 16, SMIC announced that the board of directors had noticed that the media reported that Liang Mengsong, the executive director and joint chief executive officer of the company, intended to resign from their posts in the company, and that the company had known Liang Mengsong’s willingness to resign conditionally.
At present, the company is actively verifying with Liang Mengsong his true intention to resign, and at the same time, he said that any changes in the top management of the company shall be subject to the announcement.
On the 16th, SMIC A shares fell 4.16%. As of 10:30, the decline widened to 7.03%. So far, the total market value is 418.4 billion yuan.
Semiconductor Leaders return to SMIC
On the evening of December 15, SMIC officially announced that Jiang Shangyi was appointed as vice chairman of the board of directors, type II executive director and member of the strategy committee of SMIC. His term of office is from December 15, 2020 to the annual general meeting of shareholders in 2021.
Jiang Shangyi, 74, has been a leader in the semiconductor industry for 45 years. He once served as the co chief operating officer of TSMC.
According to SMIC international data, Jiang Shangyi has participated in the research and development of CMOS, NMOS, bipolar, DMOS, SOS, SOI, GaAs laser, led, electron beam lithography, silicon-based solar cells and other projects. At TSMC, he has led the R & D of FinFET of 0.25 μ m, 0.18 μ m, 0.15 μ m, 0.13 μ m, 90nm, 65nm, 40nm, 28nm, 20nm and 16nm FinFET, making TSMC’s industry position develop from a technology follower to a technology leader.
Jiang Shangyi joined SMIC for the first time in December 2016 as an independent non-executive director. In June 2019, SMIC announced that Jiang Shangyi would not be re elected because of personal reasons and other work commitments.
Source: visual China
During his tenure, SMIC advanced its new process from 28nm to 14nm, and made breakthroughs in the research and development of 12NM process.
Soon, Jiang Shangyi joined Wuhan Hongxin as CEO. However, this year, Wuhan Hongxin project, which invested more than 100 billion yuan, was exposed to be a complete civil engineering project.
Jiang Shangyi is wearing a blue shirt in the middle photo source: Wuhan Hongxin official website
On November 17, Jiang Shangyi issued a statement through his lawyer, saying that he resigned from all positions of director, general manager, CEO and CEO of Wuhan Hongxin in June. Since his resignation, he has no salary and no longer holds any position of Wuhan Hongxin semiconductor.
In his latest statement, Jiang Shangyi said that he still had a strong passion for semiconductors and was keen on advanced packaging technology and chiplet. “At present, SMIC’s advanced process technology has reached 14nm, N + 1, N + 2. I believe that the realization of my dream of advanced packaging and system integration in SMIC can be at least 4-5 years faster than that in Hongxin.” He said.
SMIC is one of the leading integrated circuit foundry enterprises in the world. It is also the most advanced and largest technology company with the largest supporting services in China. It is a professional foundry enterprise with multinational operation. It mainly provides 0.35 to 14 nanometer multi technology nodes and integrated foundry and supporting services for different process platforms. The company said on the interactive platform on December 4 that the company’s first generation of FinFET 14nm has entered mass production in the fourth quarter of 2019, and the second generation of FinFET has entered small volume trial production.
Co CEO Liang Mengsong is exposed to resign
In SMIC’s announcement, for Jiang Shangyi’s appointment, SMIC co CEO Liang Mengsong had no reason to abstain from voting.
At the same time, Liang Mengsong was revealed to have resigned at the board meeting, according to the China Foundation news. However, SMIC chairman Zhou Zixue did not approve on the spot.
Subsequently, the Internet also spread a resignation statement announced by Liang Mengsong on the board of directors. In the statement, Liang Mengsong said that it has been more than three years since he became the co CEO of SMIC in November 2017, and he has almost never taken a vacation. With the dedicated efforts of more than 2000 engineers under his leadership, SMIC has completed five generations of technology development from 28nm to 7Nm. Liang Mengsong stressed that this is a task that ordinary companies need to spend more than 10 years to complete.
Photo source: visual China
On the morning of 16th, SMIC issued an announcement, noting that the media reported that Dr. Liang Mengsong, executive director and co CEO of the company, intends to resign from the company, and the company has known Dr. Liang’s willingness to resign conditionally. The company is actively verifying with Dr. Liang his true intention to resign. Any change of the company’s top management personnel shall be subject to the company’s announcement.
In the announcement of “list of directors and their roles and functions” disclosed by SMIC on the evening of the 15th, Liang Mengsong’s position has not changed. He is still a joint CEO and executive director.
It is worth noting that both Liang Mengsong and Jiang Shangyi are “veteran” of TSMC, and both have worked in TSMC’s R & D team.
Born in 1952, Liang Mengsong is a typical engineering scholar with a doctorate in electrical engineering from the University of California, Berkeley. He has more than 450 patents and published more than 350 technical papers.
Photo source: SMIC international official website
After graduation, he worked for several years in AMD, a large processor factory in the United States. After returning to Taiwan in 1992, he served as senior R & D director of TSMC for 17 years. It has been reported that Liang Mengsong is one of TSMC’s top five R & D talents. He is involved in the research and development of advanced technology, and is also the right and left hand of TSMC founder Zhang Zhongmou.
After leaving TSMC, Mr. Liang joined rival Samsung Electronics and served as general manager of its R & D department. TSMC is angry about this. At the end of 2011, the company filed a lawsuit against Liang Meng, alleging that he leaked the company’s secrets. After losing the lawsuit, Liang Mengsong joined SMIC in October 2017.
According to the announcement, Liang’s first term of office is three years, ending with the annual general meeting of shareholders to be held in 2019. According to the prospectus disclosed in the company’s “return a” in July, Liang Mengsong’s latest term of office is from June 2019 to June 2022.
By employing Liang Mengsong, we have greatly enhanced the R & D strength of SMIC international advanced process. At the time of its addition, SMIC’s most advanced mass production process was 28nm, but it took only two years. Under the leadership of Liang Mengsong, SMIC began mass production of 14nm since the fourth quarter of last year. The proportion of advanced technology (28nm / 14nm) business revenue increased from 8.8% in the third quarter of 2017 to 14.6% in the third quarter of this year.