• Daily Illinois
  • About
  • Contact
  • Privacy
  • Terms
  • DMCA
  • Sitemap
  • Write For Us
Monday, May 23, 2022
Daily illinois - USA | News, Sports & Updates Web Magazine
  • Covid-19
  • News
    • All
    • Business
    • Education
    • Politics
    • Sports
    • World
    ‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

    ‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

    Supreme Court decision makes it tougher for inmates to win release from prison

    Supreme Court decision makes it tougher for inmates to win release from prison

    Canelo Alvarez plans next fight to be against Gennadiy Golovkin for third time instead of Dmitry Bivol rematch

    Canelo Alvarez plans next fight to be against Gennadiy Golovkin for third time instead of Dmitry Bivol rematch

    Dream Center moves closer reality | News

    Dream Center moves closer reality | News

    Pandemic school reopenings were not just about politics

    Pandemic school reopenings were not just about politics

    “Dirty Jobs” host Mike Rowe’s hair was all over the place before he entered The CUT Barbershop in uptown Charlotte on Friday, May 20, 2022.

    ‘Dirty Jobs’ host Mike Rowe needed a haircut. A Charlotte stylist left him smiling.

    The expanded child tax credit lifted 3 million children out of poverty. Then, it expired.

    brain lifting weights

    Neuroscientist reveals how to boost your brain health

    Davos 2022: At the World Economic Forum, there’s no ‘business as usual’ in shadow of war

    Davos 2022: At the World Economic Forum, there’s no ‘business as usual’ in shadow of war

    Infinitely Growing Your Business With Gratitude

    Infinitely Growing Your Business With Gratitude

  • Science & Tech
    • All
    • Ai - Artificial Intelligence
    • Apps
    • Mobile
    Roborock Q5+ robot vacuum

    Guest drops Apple Watch at Disney, claims $40,000 in fraud

    Igor Bonifacic

    WhatsApp will end support for iOS 10 and iOS 11 on October 24th

    Two men point guns at each other in On the Count of Three.

    On the Count of Three writers on blending comedy and drama

    Facebook Dating was a catastrophic failure — and I know why

    Facebook Dating was a catastrophic failure — and I know why

    Xiaomi Mi Band 7

    Xiaomi Mi Band 7 release date, images revealed

    Twitter deal leaves Elon Musk with no easy way out

    Twitter deal leaves Elon Musk with no easy way out

    The best cheap gaming headset deals May 2022

    The best cheap gaming headset deals May 2022

    More free COVID rapid tests are available. Here's how to get yours

    More free COVID rapid tests are available. Here’s how to get yours

    "No, I hear you. You're telling me that true 'synergy' can only be achieved through 'blue-sky thinking' and giving it '110 percent,' right?"

    5 major tech annoyances and how to fix them

    Lumen metabolic analyzer update 2

    Lumen metabolic analyzer iOS app gets updated macro tracker

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Kit Connor (left) and Joe Locke in "Heartstopper," now streaming on Netflix.

    ‘Heartstopper’ Stars Share Hopes For Seasons 2 And 3 Of Queer Teen Smash

    'Downton Abbey' is a box office win for older-skewing movies

    ‘Downton Abbey’ is a box office win for older-skewing movies

    Xella plays at NextFest LA

    NextFest LA plugs the passion of local music into the L.A. Fair

    Chicago City Council delays action on Lightfoot’s curfew crackdown

    Chicago City Council delays action on Lightfoot’s curfew crackdown

    Round 3 of free at-home COVID tests now available from Biden administration – New York Daily News

    Round 3 of free at-home COVID tests now available from Biden administration – New York Daily News

    Twitter can't get over Laura Dern's age in 'Jurassic Park'

    Twitter can’t get over Laura Dern’s age in ‘Jurassic Park’

    Brandy pokes fun at Jack Harlow after not knowing her voice

    Brandy pokes fun at Jack Harlow after not knowing her voice

    Sexual abuse ignored for decades

    Sexual abuse ignored for decades

    President Biden ahead of an Illinois appearance to discuss combatting inflation and high gas prices.

    High gas prices could be alleviated by the Consumer Fuel Price Gouging Prevention Act — if it passes the Senate

    A woman stands in front of sheer curtains with her hands in her coat pockets.

    ‘Downton Abbey’ star Michelle Dockery wants more sequels

    • F95zone
  • Lifestyle
    • All
    • Fashion
    • Food
    • Travel
    Savory Experiments’ Mexican Street Corn Dip is "perfect for parties and potlucks," Jessica Formicola from Savory Experiments says.

    Go beyond the cob: 3 corn dip recipes to try this summer

    ‘Obi-Wan Kenobi’: Trailers, Release Date and Everything to Know About the Star Wars Show

    From left to right: George Washington statue in front of Independence Hall, the famous LOVE sculpture and the view from the Four Seasons Hotel Philadelphia.

    How To Take The Ultimate Vacation In Philadelphia, Pennsylvania

    Beauty Teas for Healthier Skin, Hair and Nails

    Beauty Teas for Healthier Skin, Hair and Nails

    Hershey adds distribution centers to boost capacity ahead of Halloween

    Hershey adds distribution centers to boost capacity ahead of Halloween

    The façade of a cannabis dispensary at night with a sign that reads The Artist Tree.

    8 tips for going to L.A.’s only open weed bar

    Celebs you didn't know are cousins

    Celebs you didn’t know are cousins

    These 10 companies help pay for their employees’ vacations

    These 10 companies help pay for their employees’ vacations

    Image may contain: Bottle, Shaker, and Shampoo

    25 AAPI Beauty Brands to Shop From

    Consumers Want It All for Their Pets, and Manufacturers Are Ready to Deliver: CRB’s Horizons Pet Food Report

    Consumers Want It All for Their Pets, and Manufacturers Are Ready to Deliver: CRB’s Horizons Pet Food Report

33 °f
Chicago
35 ° Sat
35 ° Sun
35 ° Mon
37 ° Tue
No Result
View All Result
Daily illinois - USA | News, Sports & Updates Web Magazine
  • Covid-19
  • News
    • All
    • Business
    • Education
    • Politics
    • Sports
    • World
    ‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

    ‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

    Supreme Court decision makes it tougher for inmates to win release from prison

    Supreme Court decision makes it tougher for inmates to win release from prison

    Canelo Alvarez plans next fight to be against Gennadiy Golovkin for third time instead of Dmitry Bivol rematch

    Canelo Alvarez plans next fight to be against Gennadiy Golovkin for third time instead of Dmitry Bivol rematch

    Dream Center moves closer reality | News

    Dream Center moves closer reality | News

    Pandemic school reopenings were not just about politics

    Pandemic school reopenings were not just about politics

    “Dirty Jobs” host Mike Rowe’s hair was all over the place before he entered The CUT Barbershop in uptown Charlotte on Friday, May 20, 2022.

    ‘Dirty Jobs’ host Mike Rowe needed a haircut. A Charlotte stylist left him smiling.

    The expanded child tax credit lifted 3 million children out of poverty. Then, it expired.

    brain lifting weights

    Neuroscientist reveals how to boost your brain health

    Davos 2022: At the World Economic Forum, there’s no ‘business as usual’ in shadow of war

    Davos 2022: At the World Economic Forum, there’s no ‘business as usual’ in shadow of war

    Infinitely Growing Your Business With Gratitude

    Infinitely Growing Your Business With Gratitude

  • Science & Tech
    • All
    • Ai - Artificial Intelligence
    • Apps
    • Mobile
    Roborock Q5+ robot vacuum

    Guest drops Apple Watch at Disney, claims $40,000 in fraud

    Igor Bonifacic

    WhatsApp will end support for iOS 10 and iOS 11 on October 24th

    Two men point guns at each other in On the Count of Three.

    On the Count of Three writers on blending comedy and drama

    Facebook Dating was a catastrophic failure — and I know why

    Facebook Dating was a catastrophic failure — and I know why

    Xiaomi Mi Band 7

    Xiaomi Mi Band 7 release date, images revealed

    Twitter deal leaves Elon Musk with no easy way out

    Twitter deal leaves Elon Musk with no easy way out

    The best cheap gaming headset deals May 2022

    The best cheap gaming headset deals May 2022

    More free COVID rapid tests are available. Here's how to get yours

    More free COVID rapid tests are available. Here’s how to get yours

    "No, I hear you. You're telling me that true 'synergy' can only be achieved through 'blue-sky thinking' and giving it '110 percent,' right?"

    5 major tech annoyances and how to fix them

    Lumen metabolic analyzer update 2

    Lumen metabolic analyzer iOS app gets updated macro tracker

  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Kit Connor (left) and Joe Locke in "Heartstopper," now streaming on Netflix.

    ‘Heartstopper’ Stars Share Hopes For Seasons 2 And 3 Of Queer Teen Smash

    'Downton Abbey' is a box office win for older-skewing movies

    ‘Downton Abbey’ is a box office win for older-skewing movies

    Xella plays at NextFest LA

    NextFest LA plugs the passion of local music into the L.A. Fair

    Chicago City Council delays action on Lightfoot’s curfew crackdown

    Chicago City Council delays action on Lightfoot’s curfew crackdown

    Round 3 of free at-home COVID tests now available from Biden administration – New York Daily News

    Round 3 of free at-home COVID tests now available from Biden administration – New York Daily News

    Twitter can't get over Laura Dern's age in 'Jurassic Park'

    Twitter can’t get over Laura Dern’s age in ‘Jurassic Park’

    Brandy pokes fun at Jack Harlow after not knowing her voice

    Brandy pokes fun at Jack Harlow after not knowing her voice

    Sexual abuse ignored for decades

    Sexual abuse ignored for decades

    President Biden ahead of an Illinois appearance to discuss combatting inflation and high gas prices.

    High gas prices could be alleviated by the Consumer Fuel Price Gouging Prevention Act — if it passes the Senate

    A woman stands in front of sheer curtains with her hands in her coat pockets.

    ‘Downton Abbey’ star Michelle Dockery wants more sequels

    • F95zone
  • Lifestyle
    • All
    • Fashion
    • Food
    • Travel
    Savory Experiments’ Mexican Street Corn Dip is "perfect for parties and potlucks," Jessica Formicola from Savory Experiments says.

    Go beyond the cob: 3 corn dip recipes to try this summer

    ‘Obi-Wan Kenobi’: Trailers, Release Date and Everything to Know About the Star Wars Show

    From left to right: George Washington statue in front of Independence Hall, the famous LOVE sculpture and the view from the Four Seasons Hotel Philadelphia.

    How To Take The Ultimate Vacation In Philadelphia, Pennsylvania

    Beauty Teas for Healthier Skin, Hair and Nails

    Beauty Teas for Healthier Skin, Hair and Nails

    Hershey adds distribution centers to boost capacity ahead of Halloween

    Hershey adds distribution centers to boost capacity ahead of Halloween

    The façade of a cannabis dispensary at night with a sign that reads The Artist Tree.

    8 tips for going to L.A.’s only open weed bar

    Celebs you didn't know are cousins

    Celebs you didn’t know are cousins

    These 10 companies help pay for their employees’ vacations

    These 10 companies help pay for their employees’ vacations

    Image may contain: Bottle, Shaker, and Shampoo

    25 AAPI Beauty Brands to Shop From

    Consumers Want It All for Their Pets, and Manufacturers Are Ready to Deliver: CRB’s Horizons Pet Food Report

    Consumers Want It All for Their Pets, and Manufacturers Are Ready to Deliver: CRB’s Horizons Pet Food Report

33 °f
Chicago
35 ° Sat
35 ° Sun
35 ° Mon
37 ° Tue
No Result
View All Result
Daily illinois - USA | News, Sports & Updates Web Magazine
No Result
View All Result
Home News World

Chaos at the top of China’s biggest chipmaker C-suite chaos at the company China needs for its chipmaking future

by Staff Writer
December 16, 2020
in World
Reading Time: 3 mins read
0
Chaos at the top of China's biggest chipmakerC-suite chaos at the company China needs for its chipmaking future
492
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter



Semiconductor Manufacturing International Corporation (SMIC), China’s biggest chipmaker, said Wednesday it was trying to confirm Chinese state media reports that its co-CEO Liang Mong Song had resigned, apparently in protest at the appointment of Chiang Shang-Yi, the former co-COO of Taiwanese chipmaker TSMC, to the board.

SMIC didn’t say which media reports it was referring to, but in a statement to the Shanghai Stock Exchange it said that it had known about Liang’s “willingness to resign under certain conditions.”

Related posts

Dream Center moves closer reality | News

Dream Center moves closer reality | News

May 23, 2022
Southern Baptist Leaders Mishandled Sex Abuse Crisis, Report Says

Southern Baptist Leaders Mishandled Sex Abuse Crisis, Report Says

May 22, 2022

“The company is currently actively verifying Dr. Liang’s true intention to resign with him, and any further announcements on the above matters will be made in due course,” the company added in its statement.

The leadership turmoil comes at a tricky time for SMIC. It’s facing growing US threats to its business while trying to play a critical role in China’s mission to become much more self sufficient in semiconductors to power its future tech ambitions.

Chinese media — including Economic Information Daily and Beijing News — published a resignation letter from Liang in which he warned that US pressure was seriously threatening the development of advanced technology at SMIC, and said he was worried about the board appointment.

“I believe that the personnel proposal today will inevitably affect the company’s prospects,” he reportedly wrote. “I was very surprised and puzzled by the decision, because I didn’t know anything about it beforehand. I deeply feel that I am no longer respected and trusted.”

CNN Business was unable to verify the authenticity of the letter. Analysts at Bernstein wrote in a research note on Wednesday that Liang had earlier abstained from voting for Chiang’s appointment.

“As SMIC’s recent technology progress was directly attributable to Liang, we think his departure will trigger a negative market response,” the analysts said. They added that Liang has been “personally leading SMIC’s technology development,” and that the company may suffer a setback in its “future technology progress” if his exit is confirmed.

SMIC’s stock buckled following the news. Shares slid nearly 5% in Hong Kong and 5.5% in Shanghai.

SMIC has recently entered the US government’s cross hairs as tensions between Washington and Beijing escalate and potentially threaten the firm’s attempts to build cutting edge chip technology.

Much of China’s supply of chipsets comes from foreign companies, which power everything from Chinese smartphones and computers to telecommunications gear. Last year the country imported $306 billion worth of chips, or 15% of the value of the country’s total imports, according to government statistics.

Beijing has pledged to improve its chipmaking technology. SMIC, whose major shareholders are state-owned companies, said earlier this year that it wants to invest in technology and catch up with its global competitors.

SMIC remains three to five years behind industry leaders Intel (INTC), Samsung and TSMC (TSM) and analysts say that it has a long way to go to be a global competitor. Pressure from Washington threatens to make that goal even harder.

Earlier this month, the US Department of Defense added SMIC to a list of companies the agency claims are owned or controlled by the Chinese military, a decision that means SMIC is subject to restrictions like an inability to accept American investment.

SMIC has previously said that its inclusion on the list would have “no major impact” on its operations, and has also said that it has no relationship with the Chinese military.

But any level of US scrutiny is concerning. Chinese tech company Huawei, for example, has been slapped with a number of sanctions that have effectively crippled its global business.

Unlike Huawei, SMIC has not been added to a Commerce Department list that would essentially cut it off from US supplies and technologies. But the company has warned investors that potential US export restrictions are a concern.

Source by rss.cnn.com

Related

Tags: SMIC: Chaos at the top of China's biggest chipmaker - CNNtech
Share197Tweet123Share49

Latest News - Daily illinois

‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

‘I never thought my son would be a hashtag’ mother of culinary student who was shot earlier this month speaks out – Chicago Tribune

May 23, 2022
Gov. Ron DeSantis delivers remarks at the Conservative Political Action Committee (CPAC) conference in Orlando, Florida, on Feb. 24, 2022.

Ready for Ron PAC urges DeSantis to run for president in 2024

May 23, 2022
Kit Connor (left) and Joe Locke in "Heartstopper," now streaming on Netflix.

‘Heartstopper’ Stars Share Hopes For Seasons 2 And 3 Of Queer Teen Smash

May 23, 2022
'Downton Abbey' is a box office win for older-skewing movies

‘Downton Abbey’ is a box office win for older-skewing movies

May 23, 2022
Xella plays at NextFest LA

NextFest LA plugs the passion of local music into the L.A. Fair

May 23, 2022
Chicago City Council delays action on Lightfoot’s curfew crackdown

Chicago City Council delays action on Lightfoot’s curfew crackdown

May 23, 2022

HBO Max: The 38 Best TV Shows to Watch

May 23, 2022
NEW YORK, NY - OCTOBER 24: L.G.B.T. activists and their supporters rally in support of transgender people on the steps of New York City Hall, October 24, 2018 in New York City. (Photo by Drew Angerer/Getty Images)

Transsexual pioneer criticizes modern trans activists, says they’re indoctrinating kids: ‘This isn’t a game’

May 23, 2022
Daily illinois - USA | News, Sports & Updates Web Magazine

Copyright © 2020 Dailyillinois.com.

Navigate Site

  • Daily Illinois
  • About
  • Contact
  • Privacy
  • Terms
  • DMCA
  • Sitemap
  • Write For Us

Follow Us

No Result
View All Result
  • About Us Page
  • Contact
  • Daily illinois
  • DMCA Policy
  • Privacy Policy
  • Submit, Guest Post, Write For Us and Become a Contributor
  • Terms of Use

Copyright © 2020 Dailyillinois.com.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.