[Epoch Times September 4, 2021](Epoch Times reporter Liu Yi comprehensive report) On the evening of September 3, mainland chip giant SMIC issued an announcement stating that the company’s chairman and executive director Zhou Zixue resigned due to personal health reasons The chairman of the company’s chairman and chairman of the nomination committee of the board of directors, effective today.
SMIC’s announcement stated that Zhou Zixue will continue to serve as an executive director of the company after resigning as chairman and chairman of the nomination committee of the board of directors. The company’s executive director, chief financial officer and company secretary Gao Yonggang serves as the company’s acting chairman.
Based on news from the mainland, Hong Kong and Taiwan media, SMIC announced on the 3rd that it would spend US$8.87 billion to build a 28-nanometer wafer production line in the suburbs of Shanghai. The reason for resigning as the chairman of the board is that time is really sensitive, plus the resignation of Wu Jingang, the former vice president of technology research and development, and now even the chairman of the board has left, triggering speculations from all sides.
Zhou Zixue is 64 years old and has served in the officialdom of the Chinese Communist Party for many years. He has served as the Deputy Director of the Economic Research Department of the Ministry of Electronics Industry, the Deputy Director and Director of the Economic System Reform and Economic Operation Department of the Ministry of Information Industry, and the Finance Department of the Ministry of Industry and Information Technology. Director.
On March 6, 2015, Zhou Zixue served as Chairman and Executive Chairman of SMIC, with an annual salary of 6.93 million yuan (RMB, the same below). Although the annual salary is several million, its salary is not the highest in the company. SMIC’s 2020 annual report shows that Liang Mengsong, the co-CEO and executive director of SMIC, has an annual salary of 28.81 million, which is four times that of the company’s chairman and executive chairman Zhou Zixue. But Liang Mengsong’s 28.81 million salary last year included a house worth 22.5 million yuan (tax included).
In recent years, SMIC’s high-level personnel have changed. In mid-December 2020, it was reported that Liang Mengsong, the CEO of TSMC, had resigned because the company decided to let Jiang Shangyi, who is also a member of TSMC, serve as the vice chairman without notifying him in advance.
However, SMIC adopted the strategy of raising wages and sending houses, and gave Liang Mengsong a market value of more than 20 million real estate, plus the annual salary increased from 340,000 US dollars to 1.35 million US dollars, which is twice as high as Jiang Shangyi’s 670,000 US dollars, to retain Liang.
On July 4 this year, Wu Jingang, vice president of SMIC’s technology research and development, was allowed to resign due to personal reasons, which shocked the market. Wu Jingang joined SMIC in 2001. He was the first to join the company among SMIC’s five core technical personnel, and he was also the highest-level technical personnel in China.
Since 2014, Wu Jingang has served as the vice president of technology research and development. During his tenure, he was responsible for participating in the company’s FinFET advanced process technology research and development and management. Wu Jingang is one of the few remaining core technical personnel of SMIC.
Regarding the high-level changes of SMIC, the analysis of Free Finance on September 4 said that SMIC has been involved in personnel struggles for a long time. For more than two decades, the number of heads has changed. Intertwined, complicated factional struggles and US sanctions have caused SMIC to lose many talents, and the R&D process has also been hit hard.
Editor in charge: Li Hao#
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