On the evening of December 15th, SMIC disclosed five announcements in one breath, one of which was a new personnel appointment announcement that attracted strong attention in the market.
This announcement discloses that Jiang Shangyi, former COO and technology god of TSMC, has returned to SMIC as its vice chairman. Unexpectedly, multiple sources reported that Liang Mengsong, the co-CEO of SMIC, resigned on the board of directors. At the same time, Liang Mengsong had no reason to abstain from voting for Jiang Shangyi’s appointment.
The letter from Liang Mengsong to the board of directors posted on the Internet shows that Liang Mengsong believes that Jiang Shangyi’s appointment as Vice Chairman of SMIC was only informed by Chairman Zhou Zixue on December 9th. He had no knowledge of this before.
On the morning of December 16, SMIC issued an announcement stating that the board of directors noticed that there were media reports that the company’s executive director and co-CEO Liang Mengsong was planning to resign from the company, and the company knew of Liang Mengsong’s conditional resignation. Will.
The company is currently actively verifying his true intention to resign with Liang Mengsong, and at the same time stated that any changes in the company’s top management personnel shall be subject to the announcement.
On the 16th, SMIC’s A shares fell 4.16% at the opening. As of 10:30, the decline widened to 7.03%. Up to now, the total market value is 418.4 billion yuan.
Semiconductor leaders return to SMIC
On the evening of December 15th, SMIC officially announced that Jiang Shangyi was appointed as the vice chairman of the board of directors of SMIC, the second type of executive director and a member of the strategy committee. His term of office will be from December 15, 2020 to the anniversary of 2021. Until the conference.
Jiang Shangyi is 74 years old and has been in the semiconductor field for 45 years. He is a leader in the semiconductor industry and once served as the co-chief operating officer at TSMC.
According to SMIC’s 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 led the research and development of key nodes such as 0.25μm, 0.18μm, 0.15μm, 0.13μm, 90nm, 65nm, 40nm, 28nm, 20nm and 16nm FinFET, which enabled TSMC to develop its industry position 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 due to personal reasons and other work commitments.
During his tenure, SMIC advanced its new process from 28nm to 14nm, and made breakthroughs in 12nm process research and development.
Soon, Jiang Shangyi joined Wuhan Hongxin as CEO, but this year, the Wuhan Hongxin project with an investment of more than 100 billion yuan was exposed to the completion of the civil engineering of the plant.
On November 17, Jiang Shangyi issued a statement through his lawyer, stating that he resigned from Wuhan Hongxin’s director, general manager, and CEO and chief executive officer positions in June. Since his resignation, he no longer paid in July and no longer served as Wuhan Hongxin. Any position in semiconductors.
Jiang Shangyi said in his recent statement that he still has a strong enthusiasm for semiconductors and is keen on advanced packaging technology and chiplets. “Now SMIC’s advanced process technology has achieved 14nm, N+1, and N+2. I believe that SMIC can realize my dream of advanced packaging and system integration at least 4-5 years faster than Hongxin. “He said.
SMIC is one of the world’s leading integrated circuit foundry companies, and is also a professional foundry company with the most advanced technology, the largest scale, the most complete supporting services, and multinational operations in mainland China. It mainly provides customers with 0.35 micron to 14 Integrated circuit wafer foundry and supporting services for nanometer multiple technology nodes and different process platforms. The company stated on the interactive platform on December 4 that the company’s first-generation FinFET 14nm has entered mass production in the fourth quarter of 2019, and the second-generation FinFET has entered small-volume trial production.
Co-CEO Liang Mengsong was exposed to resign
In SMIC’s announcement, SMIC’s co-CEO Liang Mengsong had no reason to abstain from voting for Jiang Shangyi’s appointment.
According to China Fund News, at the same time, Liang Mengsong was exposed to the board of directors and proposed to resign. However, Zhou Zixue, chairman of SMIC, did not approve it on the spot.
Subsequently, a resignation statement announced by Liang Mengsong on the board of directors was also spread online. In the statement, Liang Mengsong stated that it has been more than three years since he served as the co-CEO of SMIC in November 2017, and he has almost never taken a vacation. With the dedicated efforts of more than 2,000 engineers under his leadership, he has completed SMIC’s work. Five generations of technology development from 28nm to 7nm process. Liang Mengsong emphasized that this is a task that an average company takes more than 10 years to complete.
On the morning of the 16th, SMIC issued an announcement and noticed that there were media reports that Dr. Liang Mengsong, the executive director and co-CEO of the company, was planning to resign from the company, and the company was aware of Dr. Liang’s conditional resignation. The company is currently actively verifying his true intention to resign with Dr. Liang. Any changes to the top management personnel of the company shall be subject to the announcement made by the company.
In the “List of Directors and Their Roles and Functions” announcement disclosed by SMIC on the evening of the 15th, Liang Mengsong’s position has not changed. He is still the co-CEO and executive director.
It is worth noting that Liang Mengsong and Jiang Shangyi are both “veterans” of TSMC, and they have both served in the TSMC R&D team.
Liang Mengsong is nearly 70 years old this year. He graduated from the Department of Electrical Engineering and Computer Science at the University of California, Berkeley with a doctorate degree. He is a Fellow of the Institute of Electrical and Electronic Engineers. He has more than 33 years of experience in the semiconductor industry. He was in 1992. From 2009 to 2009, he served as the senior R&D director in Taiwan Integrated Circuit Manufacturing Co., Ltd.
In February 2011, Liang Mengsong joined Samsung as the chief technology officer of the chip department. According to legend, Samsung’s annual salary for Liang Mengsong is converted into NT$135 million, which is three times that of TSMC.
There is a famous saying by Samsung’s head Li Jianxi: Three Bill Gates can raise Korea to the next level, and his mission is to find three such talents.
For Li Jianxi, Liang Mengsong is the Bill Gates of the chip industry, and it is worth recruiting at any cost.
In October 2017, Liang Mengsong was appointed as the co-CEO of SMIC.
The foundry industry in mainland China “from 0 to 1” is due to Zhang Rujing, the founder of SMIC, who recruited 400 people from overseas to establish SMIC in mainland China, and also established the first 8-inch wafer fab in mainland China. And many years later, after many high-level conversions, the current SMIC R&D technology is responsible for the heavy responsibility, which is provoked by the “famous marshal” of the front-end Semiconductor and Samsung CTO Liang Mengsong.
According to Liang Mengsong’s former subordinates, Liang is a technical madman, capable, demanding, short-tempered, and fast-paced. Working with him requires a lot of tension. There is no difference between day and night and no weekend vacation. Complete workaholic.
If Liang Mengsong’s life career is divided into three parts, the first milestone is TSMC. When everyone thinks that the second milestone Samsung is the peak of his career and he has no regrets in this life, he will visit the thatched cottage and kindly invited by the mainland authorities. , Take over the weapon of advanced process technology.
On November 12, SMIC’s third quarter earnings conference call, SMIC’s co-CEO Liang Mengsong said that the current 14nm mass production yield has reached the industry’s mass production level, but we are still far away from world-class companies and there is a certain technological gap. ,there’s still a long way to go.