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Evening News correspondent reported Qinchuan
for mainland Chinas largest IC companies SMIC,ken griffey shoes 2011, the past two weeks is not peaceful. Chairman Jiang Shang Zhous death,asics sneakers, it plunged into an unprecedented personnel Juzhen, but implicated the interests behind the complex disputes. In this long tug of war, the Chairman of the Board around the vacancy, the CEO and COO Dr. Wang Yang Shining factions led by executives outdone,air griffey max 1 black, their respective standing behind the different major shareholder, has triggered all kinds of speculation. Not long ago, SMIC announcement sent to reporters, announced that the post of chairman appointed by the industry veteran photo courtesy, and vying for positions in the failure of Dr. Wang to resign already fled. This means that this period of turmoil in the industry is quite shake the event finally came to an end. Yesterday, SMIC shares fell for a third day, since the resumption of trading on Monday fell 23 percent after the total market value of HK $ 4 billion evaporated.
job to fight each other so that the two factions
Founded in 2000, SMIC, the mainland of China is the largest and most technologically advanced integrated circuit chip manufacturers. With the boat on the river died, and his job candidate to become Chairman of the Board focus of media attention, but also throws up a series of contradictions.
storm starting point, Dr. Wang from the CEO Board of Directors in an accident in Lok Ma routine executive director. Dr. Wang from Taiwan in the global semiconductor industry has experienced,mexico 66, well-known senior professionals for the industry. November 2009, Dr. Wang joined SMIC,king griffey shoes, Richard Chang, president and CEO and take over executive director. After the capture of these signs of trouble, SMIC senior management within the rapidly sensitive to split into two factions, the party in addition to Dr. Wang, there are in Taiwan,asics sneakers, led by COO Yang Shining representatives.
as SMIC veteran, Yang Shining chip giant Intel has had ten years of work experience, has joined the worlds fourth-largest chip foundry Chartered Semiconductor appointed chief technology officer, in February last year to return to SMIC. It is reported that,Nike heels, after the death of river boat, the major shareholder of Datang Telecom SMIC pushing to replace Dr. Wang Yang Shining, but this was the board refused.
game between the two factions, the industry as SMICs major shareholders the right to compete for control,new griffey, but also a focus on long-term conflict broke out.
Wang Yang dispute reflects the shareholders game
According to organize, SMIC four major shareholders are: Datang Telecom holds 19.14%,silver high heels, 11.6% in investment holding, holding 8.2% Shanghai Industrial,asics gel numbus, TSMC holds 6.543 percent. Datang Telecom and TSMC shares, the same two products in a storm. In 2008, SMIC and global sales of the largest chip foundry TSMC, the contract went through a marathon patent dispute dilemma of SMIC to Datang Telecom for $ 172 million investment, which will then increase holdings to 19.4%,nike air griffey max one, becoming the largest shareholder, after the victory in the proceedings of TSMC shares also took the opportunity.
number of people in the trade has told reporters, Datang Telecom has always hoped to be firmly in control in the hands of SMIC. Then river boat to the cast after the introduction of SMIC, the former has an additional investment to cope with the rapid dilution. And even behind Tang Yang Shining recently when board members voted against also in the cast, TSMC representative.
For these rumors,asics tiger, SMIC said the letter to reporters, board members agreed to adhere to the companys independence, but also denied that a contradiction occurs. The other said: "The diverse background of the shareholders, board of directors united, professional, international management team, will promote the healthy and stable development of SMIC." Dr. Wang
photo courtesy of the host leaving
a lot of speculation after the last two weeks, the new Chairman of the Board candidates for SMIC has finally surfaced, the two outside photo courtesy of Wang Yang.
64 years old photo courtesy of former Vice Minister of Ministry of Electronics Industry, has served as responsible for the investment in building Chinas first 8-inch IC production line of Shanghai Hua Hong Group vice chairman, chairman,air griffey, also served as color picture tubes in Shaanxi Factory director and chairman of the Rainbow Electronics Group and general manager,jordan high heels, color picture tubes in the semiconductor industry and has years of experience.
photo courtesy of the previous June 30, just was appointed director of SMIC, and on July 2 as Executive Director of SMIC. Insiders believe that photo courtesy of the boat on the river system into the SMIC seriously ill during the "special arrangements" far-reaching. SMICs announcement sent to reporters also showed that Dr. Wang has 13 resigned CEO, and Dr. Wang stressed that only one core management to resign.
for Dr. Wangs departure, SMIC said was "deeply sorry." Dr. Wang left alone
addition, the SMIC has announced in response to the "nearly 100 middle-level employees in the past nine months left" and questioned. The official said the company has approximately 11,000 employees, of which about 1,000 middle managers, the turnover rate of about 10%; According to the worry-free future, "the turnover rate research report" shows that in 2009 the average high-tech intensive industries left rate of 18.3%. "The so-called high turnover rate compared with the industry average,womens jordan heels, it is exaggerated."
as of yesterday, there are many investment institutions and analysts cut their rating on the stock SMIC.