https://wccftech.com/chinas-top-chipmaker-smic-loses-vice-chairman-after-failing-to-procure-advanced-machines/

China's premium foundry, the Semiconductor Manufacturing International Corporation (SMIC) has suffered a major blow as top executives departed the company yesterday. SMIC rose to the limelight after the United States Department of Commerce expanded a blacklist that forbade Chinna's Huawei Technologies Ltd and other companies from receiving semiconductors fabricated on leading edge technologies. This left SMIC as the only chip foundry that Chinese companies could rely on for their advanced chipmaking needs, but after the foundry too was blacklisted by the U.S. government it struggled to catch up with its global contract chip manufacturing peers.

The highest profile director to depart the company is its vice chairman of the board, Dr. Chiang Shang-Yi. Dr. Chiang became prominent last year when the company's current co-chief executive officer (Co-CEO) Dr. Liang Mong-Song expressed disgruntlement at his hiring. Dr. Liang, who joined the company in 2017, claimed that he had not been taken into confidence for Dr. Chiang's hiring, and therefore he felt that his inputs were not needed in the company.