At the end of May, SMIC, the country's largest wafer replacement plant, announced a delisting from the US stock market. Officials said the reasons for the delisting included the company's ADS (US depository securities shares).
At the end of this month, Zhongxin International will hold a shareholders'meeting, which will elect new board members. Jiang Shangyi, an independent director, will be re-elected as an independent non-executive director. But last night, Zhongxin International issued a resolution before the announcement was withdrawn, declaring that Dr. Jiang had informed the board that, for personal reasons and other work commitments, he would not be re-elected as an independent non-executive director at the annual meeting of shareholders. The bank directors will resign as directors at the annual meeting of shareholders.
Not only did he withdraw from the board of directors, Jiang Shangyi ceased to be a member of the Center International Compensation Committee after the shareholders'meeting.
Jiang Shangyi is a heavyweight in Taiwan's semiconductor industry and has worked for more than 40 years. In 1997, he joined TSMC as Vice President of R&D. TSMC participated in the R&D process from 0.25um, 0.18um, 0.15um, 0.13um, 90nm, 65nm, 40nm, 28nm, 20nm to 16nm. In 2013, he retired from TSMC. At that time, he was the COO Chief Operating Officer and Executive Vice President. He was called No. 2 and was once regarded as Zhang Zhongmou's successor.
In 2016, Jiang Shangyi joined Zhongxin International. As Zhongxin International and Taiwan accumulated several patent wars many years ago, Jiang Shangyi joined the rival camp of Taiwan accumulated electricity and shocked Taiwan's industry.