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Semiconductor Manufacturing Worldwide Company (SMIC) introduced on Monday that Gao Yonggang had resigned from the positions of chair and government director, with deputy chair Liu Xunfeng stepping up as the brand new chief. Gao was appointed as chair of SMIC in September 2021, when his predecessor Zhou Zixue resigned because of well being causes. Based in 2000, Shanghai-based SMIC has develop into the most important contract chip maker in mainland China. TSMC (with 60.1% of the worldwide market), Samsung (12.4%), UMC (6.6%), World Foundries (6.4%), and SMIC (5.3%) have been the world’s high 5 chip producers by income within the first quarter of 2023, in accordance with market intelligence platform TrendForce. In 2022, SMIC noticed its income develop 33.6% year-on-year to $7.2 billion, with internet earnings attributable to shareholders reaching $1.8 billion, in accordance with its annual monetary report. [Caixin, in Chinese]
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