- The report added that a letter of resignation purportedly from Liang began circulating online in which he stated the reasons for his departure
- Liang was appointed SMIC’s co-CEO alongside Zhao Haijun in 2017
As per a report bu Reuters, SMIC said that its board is aware that Mong-song Liang intends to resign from his co-chief executive role. It added that the SMIC said in a filing to the Shanghai stock exchange that the company is working actively to verify Liang’s plans to leave. The report added that a letter of resignation purportedly from Liang began circulating online in which he stated the reasons for his departure. Liang was appointed SMIC’s co-CEO alongside Zhao Haijun in 2017.
Appointment of Chiang Shang-Yi as executive director
Reuters said that it could not reach Liang to verify the letter, and SMIC did not reply to a request for comment. The report added that SMIC was expected to more than double its spending this year to make higher-end chips.
Last month it said that it would reduce its expenditure plan because of the U.S. export controls. The report said that the U.S. also added SMIC and other Chinese companies to a blacklist of alleged Chinese military companies this month. SMIC also announced the appointment of Chiang Shang-Yi, a former executive at TSMC, as executive director.
