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Wang Ningguo Submitted His Resignation To &Nbsp; SMIC Staged A Massive Upheaval.

2011/7/15 11:58:00 52

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China's core competition in SMIC integrated circuit manufacturing Co., Ltd. (hereinafter referred to as SMIC) (00981.HK), is showing signs of greater turbulence.

The biggest OEM company in China will experience a bigger crisis than founder's departure.

First financial daily (micro-blog) daily learned that more than 2 pm on 13 days, SMIC president and CEO Wang Ningguo submitted resignation to the board of directors.

At the time of press release, no board heard Wang Ningguo.

Resignation

Specific reply results.

But this newspaper was also informed yesterday afternoon that just two days ago, CMO, the chief marketing officer, had submitted his resignation.

"It is said that he (Ji Kefei) was temporarily detained, but if the situation is unknown, it is also hard to say."

People familiar with the matter said.

The resignation of Wang Ningguo and Ji Kefei will take place in SMIC.

senior executive

The team caused shock.

Last week, a source told the newspaper that if Wang Ningguo left, Ji Kefei, Guan Yuesheng, CFO Ceng Zonglin and other people who had more than 20 years of experience in semiconductor industry may all leave. They did not rule out a large number of core employees in Taiwan.

According to the reporter's 7 years of tracking and reporting for SMIC, over the past 10 years, SMIC has grown out of nothing. Apart from the government, industrial policy and basic staff support, Zhang Rujing has founded a large number of core employees who have been brought and recruited from abroad in the early days. Among them, the employees in Taiwan played a major role in particular.

In fact, this is also a common situation of many semiconductor factories and even panel factories in the mainland in the past years. It has been called the "Continental (Taiwan) bone" model by many people in the industry.

Over the years, semiconductor talents in mainland China have grown rapidly, especially engineers and grass-roots units.

Administration

Personnel.

But there are not many senior managers with technology and operation and international vision.

Wang Ningguo stressed to this newspaper last year that it is better to train people than to be an enterprise, and a successful SMIC represents a large number of successful professionals.

Yang Shining was originally a local executive from Wang Ningguo.

Executives and a large number of core employees who have been trained for many years will lose heart if they lose their core employees.

In fact, opponents have long been watching them.

Two years ago, Intel Dalian 12 inch factory had dug up the core skilled staff, and Shanghai's Huali microelectronics soon removed some SMC employees.

SMC has not announced the selection of new chairman and management power allocation scheme. A person familiar with the matter disclosed to this newspaper that the new director Zhang Wenyi has been elected executive director and has been nominated by the chairman.

Zhang Wenyi was originally invited by Jiang Shangzhou to enter the SMC. It should be said that there are still some opportunities for Ningguo, who is a student of Jiang's boat and has won his trust.

Then why did he submit his resignation?

According to people familiar with the matter, the latest plan will probably be this: Zhang Wenyi is chairman, executive director and president.

Whether Yang Shining will take up a new post is unclear.

That is to say, after losing the executive board seat of the board of directors, Wang Ningguo's power of strategy and execution will also be reduced.

The above said that if the plan comes true, it may mean victory of Datang holding company and Yang Shining faction.

Because Datang did not intend to seek the seat of chairman immediately, Zhang Wenyi, who came from the air, is expected to converge more than one role. But if it can not show the strength of strong integration, it will be difficult to really get rid of the current dilemma. Datang and Yang Shining may have power.

But other sources said that SMIC's shareholders would not tolerate this situation. The last shareholder meeting and the board meeting had used a vote against Yang Shining, unless they completely quit the board of directors.

The source said that SMIC is already in a state of double defeat. If Wang Ningguo's resignation leads to continued turbulence, he will not only create growth opportunities for his rivals, but he will probably face greater pressure on the side who will temporarily benefit from it, and investment interests including Datang and CIC can hardly be guaranteed.

A senior official of the same industry stressed to this newspaper last week that if SMC is not stabilized as soon as possible, it will probably fail.

Last week, a director of the board of directors of SMC told the newspaper privately that we would focus on the overall situation and try our best to restore the stable and healthy development path.

In the face of potential upheavals, a management member expressed his regret and helplessness in the text message: "there are too many things in the world that can not be understood routinely. How can it be as satisfactory as possible?

I want to be worthy of my heart. "