According to Taiwan media DigiTimes, SMIC held an interim board of directors on the 15th. In addition to the return of Jiang Shangyi, which has been rumored in the industry, the most exciting situation is that the current co-CEO Liang Mengsong submitted a written resignation to the board of directors at the meeting. It is reported that SMIC International Chairman Zhou Zixue did not approve it on the spot.
It is reported that after the explosion of Hongxin semiconductor, the star project of 100 billion core manufacturing in Wuhan, SMIC Chairman Zhou Zixue invited Jiang Shangyi to return to SMIC as vice chairman, but Liang Mengsong, the current co-CEO of SMIC, did not know about it beforehand, and Liang Mengsong was dissatisfied with this. , angrily submitted a written resignation to the board of directors.
The announcement issued by SMIC on the evening of the 15th pointed out that the board of directors voted to approve the motion on the appointment of vice chairman and executive director, of which Liang Mengsong had no reason to abstain from voting.
The following is the full text of Liang Mengsong’s resignation:
Letter to the Board of Directors
Hello, Chairman and Directors!
I know we have a very important appointment decision at this meeting today.
At present, SMIC is facing various pressures from the United States, resulting in a serious threat to the development of advanced technology. In my opinion, today’s personnel proposal must be related to the company’s prospects.
It has been more than three years since I was appointed by the board of directors as co-CEO in November 2017. During these more than 1,000 days, I have hardly ever taken a vacation, even in June 2019, when I was going through life At the most dangerous moment, I never gave up or lived up to your entrustment to me.
During this period, I did my best to complete the technology development of five generations from 28nm to 7nm. This is a task that the average company takes more than ten years to achieve. And these achievements were achieved by the more than 2,000 engineers led by me, working hard day and night. Of course, the past trust and support of the chairman and other directors is also a key element of success.
I came to mainland China not to seek high-ranking officials, but simply to contribute to the high-end integrated circuits in mainland China. At present, technologies such as 28nm, 14nm, 12nm, and n+1 have entered mass production, and the development of 7nm technology has also been completed, and it can enter risk mass production in April next year. The most critical and most difficult 8 major technologies of 5nm and 3nm have also been launched in an orderly manner. As long as the EUV lithography machine arrives, it can enter the comprehensive development stage.
At present, my short-term goals seem to have exceeded expectations and have been satisfactorily achieved.
On December 9th, last Wednesday morning, I received a call from the chairman to inform me that Mr. Jiang is about to take up the post of vice chairman of the company. I was very surprised and puzzled by this, because I had no prior knowledge of the matter. I deeply felt that I was no longer respected and distrusted. I don’t think you should need me here to continue fighting for the future of the company. I can rest for a while in peace.
After Mr. Jiang’s nomination is approved by the company’s board of directors and shareholders’ meeting, I will formally submit my resignation. But the company should give me a comprehensive and fair evaluation of my contributions over the past three years, and I should have the right to accept and appeal.
I hereby solemnly tell you that I have no intention at all to influence your next vote on this personnel appointment, but I think I should let everyone know my truest feelings.
This statement of mine hopes that Ms. Guo Guangli, the secretary of the board of directors, can be included in the official meeting minutes of this interim board of directors.
thank you all.
Letter from Liang Mengsong to the Board of Directors of SMIC
At present, the news of Liang Mengsong’s resignation mainly comes from DigiTimes, and Yicai.com also said that “some industry insiders confirmed this news to Yicai. However, the reporter confirmed to the company that as of press time, no reply has been received.”
In fact, in addition to the major personnel changes, Liang Mengsong’s resignation also revealed the progress of SMIC’s technology research and development that far exceeded market expectations: “At present, technologies such as 28nm, 14nm, 12nm, and n+1 have entered mass production, and 7nm has entered mass production. The development of the technology has also been completed, and it will be ready for mass production in April next year. The 8 most critical and most difficult technologies of 5nm and 3nm have also been launched in an orderly manner. As long as the EUV lithography machine arrives, the can enter the full development stage.”
You must know that in the Q3 financial report released by SMIC, the statistical contribution of the process to the finance is only 14nm/28nm. However, according to the content of this resignation, SMIC’s 12nm and n+1 technologies have not only been completed in research and development, but have been submitted for mass production. Further, 7nm has also been developed, and it can enter risky mass production in 4-5 months. even! even! even! 5nm and 3nm, “the most critical and most difficult 8 major technologies have also been launched in an orderly manner. As long as the EUV lithography machine arrives, it can enter the comprehensive development stage.” This is simply news that subverts the level of market perception, and the speed of light has pulled into the technological gap between SMIC and the top two TSMC & Samsung in the industry.
At present, the relevant news has not been officially confirmed, let’s see how the official responds tomorrow.
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