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☆ China's Huawei launches Mate 60 Pro+ smartphone for presale
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

People walk past a Huawei store with advertisements for the Mate 60 series smartphones, at a shopping mall in Beijing, China August 30, 2023. REUTERS/Yelin Mo/File Photo Acquire Licensing RightsBEIJING, Sept 8 (Reuters) - China's Huawei Technologies on Friday started presales for its Mate 60 Pro+ smartphone, adding a new version to a series that has captured global attention for revealing the Chinese tech firm's success in beating back against U.S. sanctions. Specifications the company provided for the phone touted its capability to link-up to two satellites concurrently and larger internal storage versus the Mate 60 Pro. Speed tests shared by buyers on Chinese social media have suggested that the Mate 60 Pro is capable of download speeds exceeding those of top-line 5G phones. The company on Friday also launched the Huawei Mate X5, a new version of its foldable phone series.

Persons: Yelin, presales, TechInsights, Edmund Klamann, Stephen Coates Organizations: Huawei, REUTERS, Rights, Huawei Technologies, U.S, Semiconductor Manufacturing International Corp, HK, Beijing, Thomson Locations: Beijing, China, Rights BEIJING, Kirin

Hong Kong/Seoul CNN —SK Hynix, a South Korean chipmaker, is investigating how two of its memory chips mysteriously ended up inside the Mate 60 Pro, a controversial smartphone launched by Huawei last week. “The significance of the development is that there are restrictions on what SK Hynix can ship to China,” G Dan Hutcheson, vice chair of TechInsights, told CNN. The big question is whether any laws were violated.”A Hynix spokesperson told CNN Friday that it was aware of its chips being used in the Huawei phone and had started investigating the issue. “SK Hynix is strictly abiding by the US government’s export restrictions,” the company said. Industry insiders said it was possible that Huawei had purchased the memory chips from the secondary market and not directly from the manufacturer.

Persons: ” G Dan Hutcheson, It’s, TechInsights, Mike Gallagher, Michael McCaul Organizations: Seoul CNN — SK Hynix, Huawei, SK Hynix, CNN, “ SK Hynix, US, Industry, 5G Kirin, chipmaker Semiconductor Manufacturing International Corporation, White Locations: Hong Kong, Seoul, Korean, Hynix, Canada, China, United States, Shenzhen

Some analysts feel the Huawei moves could be a first step in comeback efforts by China's "national champion" to rival Apple. By contrast with the hit for Apple suppliers, Huawei's extended recent gains. Reuters GraphicsSCOPE OF CURBS UNCLEARIt was not immediately clear how wide China's iPhone curbs are, but one employee at an affected state-owned enterprise (SOEs) in the capital said they extended to visitors. However, Canalys analyst Nicole Peng said Huawei could present a greater threat to domestic peers, such as Honor, which had benefited from Huawei's woes. The U.S. Commerce Department is seeking more information on the "character and composition" of the new Huawei chip that may violate trade curbs, it said on Thursday.

Persons: Ann Wang, chipmaker TSMC, China's, Ivan Lam, Ming, Chi Kuo, Nicole Peng, TechInsights, Jeanny Kao, David Kirton, Jason Xue, Yelin Mo, Ellen Zhang, Sam Nussey, Miyoung Kim, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Huawei, Apple, Largan, Industry, Semiconductor Manufacturing International Corp, Reuters, Bank of America, TF International Securities, Street, Washington, U.S . Commerce Department, Shanghai Newsroom, Thomson Locations: Hsinchu, Taiwan, Rights SHANGHAI, TAIPEI, U.S, Beijing, Taipei, TW, iPhones, China, Shenzhen, Shanghai, Tokyo

☆ Apple's $200 billion valuation wipeout may foreshadow a post-US tech future
▼ + stars: | 2023-09-08 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Apple experience a $200 billion market cap drop amid investor concerns about China. A new phone from Huawei has been built mostly with equipment from China. Apple generated almost a fifth of its $394.3 billion net sales from the region in its last fiscal year . This week, Apple's main competition in China, Huawei launched a new 5G smartphone, the Mate 60 Pro. Other tech companies may be next.

Persons: Tim Cook, Cook, Joe Biden Organizations: Apple, Huawei, Service, Xiaomi, China's Semiconductor Manufacturing International Corporation, Bloomberg, Jefferies Locations: China, Wall, Silicon, Taiwan, Washington, Beijing, Guangzhou

☆ SMIC stock plunges as US calls for further sanctions of China's top chipmaker over Huawei smartphone
▼ + stars: | 2023-09-07 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company. The comments came after Huawei Technologies introduced the Mate 60 Pro, a Chinese smartphone powered by an advanced chip that is believed to have been made by SMIC. TechInsights, a research organization based in Canada specializing in semiconductors, revealed shortly after the launch that the smartphone contained a new 5G Kirin 9000s processor developed specifically for Huawei by SMIC. Gallagher was quoted as saying SMIC may have violated US sanctions, as this chip likely could not be produced without US technology. Hua Hong Semiconductor, China’s second largest chip foundry, tumbled 4.8%.

Persons: SMIC, ” Jefferies, Qilai Shen, Mike Gallagher, Gallagher, ”, Texas Republican Michael McCaul, “, Gina Raimondo, Raimondo, SMIC’s, Biden Organizations: Hong Kong CNN —, House, Huawei Technologies, Kirin, Huawei, SMIC, Semiconductor Manufacturing International Corp, Bloomberg, Getty, US Commerce Department, Reuters, Semiconductor Manufacturing International Corporation, Hua Hong Semiconductor, Texas Republican, Foreign Affairs Committee, US, US Commerce, Huahong Semiconductor, CNN, Jefferies Locations: China, Hong Kong, SMIC, China’s, Chinese, Shanghai, United States, Canada

☆ Huawei Phone Is Latest Shot Fired in the U.S.-China Tech War
▼ + stars: | 2023-09-06 | by ( Ana Swanson | More About Ana Swanson | ) www.nytimes.com time to read: +1 min

Chinese media have referred to the phone as a sign of the country’s technological independence, but U.S. analysts said the achievement still most likely hinged on the use of American technology and machinery, which would have been in violation of U.S. trade restrictions. For the past several years, those restrictions have curtailed Huawei’s ability to produce 5G phones. But Huawei appears to have found a way around those restrictions to make an advanced phone, at least in limited quantities. Though detailed information about the phone is limited, Huawei’s jade-green Mate 60 Pro appears to have many of the same basic capabilities as other smartphones on the market. An examination of the phone by TechInsights, a Canadian firm that analyzes the semiconductor industry, concluded that the advanced chip inside was manufactured by Semiconductor Manufacturing International Corporation of China and was operating beyond the technology limits that the United States has been trying to enforce.

Persons: Trump, Biden, Douglas Fuller, SMIC Organizations: Huawei, Semiconductor Manufacturing International Corporation of China, Copenhagen Business School Locations: United States, China

☆ Investigation launches into China's 5G chip in new Huwaei Mate 60 Pro phone
▼ + stars: | 2023-09-06 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

CNN —The United States government is seeking more information about the Huawei Mate 60 Pro, a Chinese smartphone powered by an advanced chip. The government cited perceived national security concerns, such as the potential for cyberattacks or spying from the Chinese governement. The inclusion of a custom-built 5G chip would be a major benchmark for Huawei as it grapples with the impact of the US restrictions on its device business. But he said the launch also raises questions around how Huawei managed to launch the phone when it has spent the past four years under US restrictions banning access to 5G technology. “While access to 5G for the chipset is one thing, I’m not sure how the company managed to source all the other components that need to go into a 5G smartphone, such as power amps, switches and filters,” he said.

Persons: Jake Sullivan, “, ” David McQueen, TechInsights, Sullivan Organizations: CNN, United, Huawei, Kirin, US National, House, ABI Research, China’s Semiconductor Manufacturing International Corporation Locations: United States, Chinese, China

It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. Its target of 300 billion yuan ($41 billion) outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively. China's finance ministry is planning to contribute 60 billion yuan, said one person. Backers of the Big Fund's previous two funds include the finance ministry and deep-pocketed state-owned entities such as China Development Bank Capital, China National Tobacco Corporation and China Telecom. INVESTMENT MANAGERSThe Big Fund is considering hiring at least two institutions to invest the new fund's capital, said the three people.

Persons: Xi Jinping, Florence Lo, China's, Julie Zhu, Kevin Huang, Yelin Mo, Roxanne Liu, Sumeet Chatterjee, Edwina Gibbs Organizations: U.S, China Integrated Circuit Industry Investment Fund, Big Fund, Washington, Information Office, Ministry of Industry, Information Technology, REUTERS, China Development Bank Capital, China National Tobacco Corporation, China Telecom, Big, Semiconductor Manufacturing International Corporation, HK, Hua Hong Semiconductor, Memory Technologies, IC, China Aerospace Investment, China Aerospace Science, Technology Corporation, Thomson Locations: HONG KONG, BEIJING, China, Beijing, U.S, Japan, Netherlands

☆ Teardown of Huawei's new phone shows China's chip breakthrough
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +2 min

[1/2] A staff member introduces the new Huawei Mate 60 smartphone to customers at the Huawei flagship store in Shenzhen, Guangdong province, China August 30, 2023. Huawei's Mate 60 Pro is powered by a new Kirin 9000s chip that was made in China by Semiconductor Manufacturing International Corp (SMIC), TechInsights said in the report shared with Reuters on Monday. Huawei started selling its Mate 60 Pro phone last week. The specifications provided advertised its ability to make satellite calls, but offered no information on the power of the chipset inside. Buyers of the phone in China have been posting tear-down videos and sharing speed tests on social media that suggest the Mate 60 Pro is capable of download speeds exceeding those of top line 5G phones.

Persons: David Kirton, Huawei's, TechInsights, Gina Raimondo, Dan Hutcheson, " Raimondo, Shivani Tanna, Max A, Sandra Maler Cherney, Shilpi Majumdar Organizations: Huawei, REUTERS, Huawei Technologies, HK, Semiconductor Manufacturing International Corp, Reuters, Bloomberg News, SMIC, U.S . Commerce, Thomson Locations: Shenzhen, Guangdong province, China, Kirin, U.S, SMIC, Bengaluru, Max, San Francisco

REUTERS/Aly Song/File Photo Acquire Licensing RightsSHENZHEN, China/SHANGHAI, Aug 30 (Reuters) - Chinese chip stocks rallied on Wednesday following Huawei Technologies' (HWT.UL) launch of its new Mate 60 Pro phone, as investors speculated it could be using a 5G capable chip which, if true, would mark a win for China's local semiconductor sector. On Tuesday, the company began selling its Mate 60 Pro around midday for 6,999 yuan ($960) in an unusually low-key fashion, having given no advance notice or conducted advertising. The specifications provided for the Mate 60 advertised its ability to make satellite calls, but provided no information on the power of the chipset inside. Huawei, whose woes with Washington have become a key flashpoint in U.S.-China relations, declined to comment on whether the phone was 5G capable but said in a statement the Mate 60 series was its most powerful Mate model ever. CHIP SHARES JUMPChina's semiconductor sector (.CSIH30184) jumped more than 2.5% on Wednesday, sending weekly gains to roughly 8%.

Persons: Aly, Lu Deyong, Lu, Nicole Peng, David Kirton, Jason Xue, Mo Yelin, Lincoln Organizations: Huawei, Artificial Intelligence, REUTERS, Rights, Huawei Technologies, Reuters, chipmaking, Semiconductor Manufacturing International, Pro, Staff, Washington, China's Semiconductor Manufacturing International Corp, Sai MicroElectronics Inc, Thomson Locations: Shanghai, China, Rights SHENZHEN, SHANGHAI, Washington, Beijing, Shenzhen, Kirin, Mo

☆ CNBC Daily Open: Chilling effect
▼ + stars: | 2023-08-11 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets reacted favorably, expecting July's tame inflation reading to mean no more interest rate hikes from the Federal Reserve. U.S. stocks pare early gainsThe Dow Jones Industrial Average edged higher Thursday, helped by a post-earnings Disney rally and a key inflation reading showing slightly less year-over-year inflation growth than expected. In the last quarter, the Chinese tech giant also recorded its biggest annual increase in sales since the September 2021 quarter.

Persons: Dow Jones, pare, Alibaba Organizations: CNBC, of Labor Statistics, Federal Reserve, Dow Jones, Disney, Nasdaq, Semiconductor Manufacturing International Corp, Nvidia, Investors Locations: United States, China, U.S, Ukraine, Ukrainian, Russia

☆ SMIC posted a drop in second-quarter revenue on persisting weak chip demand
▼ + stars: | 2023-08-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

(Photo by VCG/VCG via Getty Images)Semiconductor Manufacturing International Corp. posted on Thursday a drop in second-quarter revenue against a backdrop of ongoing U.S. sanctions and a sluggish recovery in global chip demand. Net income was $402.76 million, down by 21.7% from the $514.33 million recorded in the second quarter of 2022. SMIC is China's biggest foundry, manufacturing semiconductor chips that other firms design. The Semiconductor Industry Association said that global sales of semiconductors totaled $124.5 billion during the second quarter of 2023. This represents a 4.7% increase from the first quarter but is 17.3% below the second quarter of 2022.

Persons: SMIC, Taiwan's, ASML Organizations: Semiconductor Manufacturing International Corporation, Getty, Semiconductor Manufacturing International Corp, Samsung, The Semiconductor Industry Association Locations: BEIJING, CHINA, Beijing, China, South, U.S

☆ Shares of China's second largest chip foundry Hua Hong jump 13% in Shanghai debut
▼ + stars: | 2023-08-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Shares of the chipmaker opened on the Nasdaq-style Star Market at 58.88 Chinese yuan, according to Refinitiv data. That's a 13.2% jump from its offer price of 52 Chinese yuan ($7.23). The Shanghai-listed shares have since pared gains and were trading lower at 53.99 Chinese yuan on Monday afternoon. Hua Hong's Shanghai debut raised 21.2 billion yuan ($2.95 billion) — in what was the largest IPO in mainland China so far this year, according to EY's global IPO report. SMIC raised 46.28 billion yuan ($6.62 billion) during its IPO in 2020.

Persons: Hua Hong, Hua Hong's, Chips, Hong, Phelix Lee, Lee, SMIC Organizations: Huahong Group, Huahong, Getty, Shanghai Stock Exchange's, Semiconductor Manufacturing International Corp, Nasdaq, Morningstar Asia, Hua Locations: Shanghai, China, Hua Hong's Shanghai, Hong Kong, Beijing

☆ Syngenta’s IPO is more relief than triumph
▼ + stars: | 2023-05-30 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

LONDON, May 30 (Reuters Breakingviews) - Syngenta’s $9 billion Chinese market listing finally looks ripe. With Chinese markets in choppy waters, stability-minded domestic regulators could still have cold feet about Syngenta’s mammoth initial public offering. But a reform to fast-track Chinese listings introduced earlier this year suggests a debut is imminent. The seeds-and-pesticide maker has since erased nearly $20 billion of debt, partly thanks to debt-to-equity swaps with ChemChina. Syngenta’s dragged-out market debut will be more of a relief than a triumph.

☆ Hua Hong Semiconductor's $2.6 billion China listing approved by exchange
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, May 18 (Reuters) - Chinese chipmaker Hua Hong Semiconductor Ltd (1347.HK) said it had received Shanghai Stock Exchange approval for its planned $2.6 billion share listing, which is expected to be one of the country's biggest this year. Hong Kong-listed Hua Hong's plan for a secondary listing on Shanghai's STAR Market has been approved by the bourse's listing committee, and it will submit an application for registration to China's securities regulator, the company said late on Wednesday. Hua Hong joins a growing list of Chinese chipmakers to sell shares publicly on the mainland amid a Sino-U.S. rivalry that has seen Washington stepping up efforts to restrict exports to Beijing's semiconductor industry. Hua Hong, which competes with bigger Chinese rival Semiconductor Manufacturing International Corp (0981.HK), has said it plans to raise up to 18 billion yuan ($2.60 billion) to fund investment and innovation. ($1 = 6.9121 Chinese yuan renminbi)Reporting by Shanghai newsroom; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

May 8 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. The regional economic data calendar on Monday is light, with the final reading of Japanese purchasing managers index and Taiwanese trade for April the main releases. Federal Reserve Chair Jerome Powell, for one, is very optimistic: "It's possible that this time is really different. Technology giant JD.com (9618.HK) and China's largest chip foundry Semiconductor Manufacturing International Corp (0981.HK) both release first-quarter earnings on Thursday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ China tackles chip talent shortage with new courses, higher pay
▼ + stars: | 2023-03-28 | by ( Josh Horwitz | ) www.reuters.com time to read: +5 min

China faces a shortage of an estimated 200,000 industry workers this year, according to a white paper jointly published by the China Center for Information Industry Development, a government think tank, and the China Semiconductor Industry Association (CSIA), a trade group. A 2022 survey from Chinese research firm ICWise found more than 60% of students studying chip engineering in China graduate with no internship experience in the field. In Taiwan, top chipmaker Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW) has established research centres at four universities. Its largest chip foundry, Semiconductor Manufacturing International Corp (SMIC) (0981.HK), in 2021 announced a jointly-established School of Integrated Circuits at Shenzhen Technology University. "If I didn't switch to chip engineering, I would probably have to find a job in a traditional manufacturing industry like cars or machinery," he said.

☆ US approved 192 licenses for exports to blacklisted Chinese firms early 2022
▼ + stars: | 2023-03-04 | by ( Karen Freifeld | ) www.reuters.com time to read: +2 min

March 3 (Reuters) - The Biden administration approved 192 licenses worth over $23 billion to ship U.S. goods and technology to Chinese companies on a U.S. trade blacklist in the first quarter of last year, according to a document released by a U.S. congressional committee on Friday. The 192 licenses granted were out of 242 license applications decided between January and March 2022, a chart showed, and 115 of those approved contained controlled technology. Nineteen, or 8 percent of the total number of applications, were denied, and 31 were returned without action. "This critical U.S. technology is going to the Chinese Communist Party's surveillance and military efforts," he said. BIS also noted that licenses for some well-known Chinese companies are reviewed under policies set by the Trump administration that do not carry presumptions of denial.

☆ At China political meeting, internet bosses are out, chip execs are in
▼ + stars: | 2023-03-03 | by ( Laurie Chen | ) www.reuters.com time to read: +4 min

HARDWARE FOCUSNewcomers to the events include representatives from chip firms Semiconductor Manufacturing International Corporation (SMIC), state-backed Hua Hong Semiconductor Ltd, Shandong Youyan Semiconductor Materials Co. in the NPC and Cambricon Techologies Corp in the CPPCC. Other new NPC delegates come from robotics, laser, aerospace and aeronautics firms. Delegates for the NPC and CPPCC are chosen every five years by the Communist Party and have the option to resign. Some celebrity CPPCC delegates did not reappear on this year's list, such as Hong Kong action star Jackie Chan, film director Feng Xiaogang and state television anchor Bai Yansong. Yao Ming, a retired basketball star who heads the Chinese Basketball Association, has moved from the CPPCC to the NPC.

HONG KONG/SHANGHAI, Feb 14 (Reuters) - Chinese chip design company Unisoc (Shanghai) Technologies Co is seeking to raise 10 billion yuan ($1.5 billion) in a new funding round that will value the firm at about 70 billion yuan ($10.3 billion), three people with knowledge of the deal told Reuters. Unisoc has approached several state-backed investment funds for the round, tapping increased local investor interest in China's domestic chip industry, which is gearing up to be more self-sufficient in the face of U.S. pressure, the people said. Unisoc is controlled by private equity firm Wise Road Capital, which took over the company in 2022 after Tsinghua Unigroup, its former parent company, faced bankruptcy. In its statement from Feb. 8, it added it had reached revenue of 14 billion yuan in 2022. A statement in July 2022 said it had revenue of 11.7 billion yuan in 2021.

☆ Chinese chipmaker SMIC warns of weak outlook despite record 2022 revenue
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Feb 9 (Reuters) - Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) (0981.HK) on Thursday warned of a weak 2023 despite record high sales last year, as slowing demand for electronics placed pressure on its business. Backed by funding from Beijing, SMIC is China's best hope for becoming a global leader in chip manufacturing that can rival Taiwan Semiconductor Manufacturing Corporation (TSMC), the industry's largest foundry. SMIC has seen sales surge over the past two years, as global demand for low-end chips rocketed in the wake of the COVID-19 pandemic and a global chip shortage. On Thursday, it said total revenue for 2022 reached $7.23 billion, up 33.6% from 2021. Nonetheless, it is rapidly expanding capacity across China, announcing plans to build four new chip manufacturing plants since 2020.

☆ China's SMIC Q4 revenue up 2% yoy to $1.6 bln, FY revenues reach $7.27 bln
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: 1 min

SHANGHAI, Feb 9 (Reuters) - Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) (0981.HK) saw revenue in the fourth quarter of 2022 reach $1.62 billion, up from $1.58 billion the same quarter one year prior according to a market filing published on Thursday. Gross profit was $518.7 million, down from $552.8 million the same quarter one year ago. Revenue for the full year 2022 reached $7.273 billion, a 33.6% year-on-year increase and a record high for the company, though below analyst estimates. Reporting by Josh Horwitz Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Chinese chipmakers caught in U.S.-China tech spat
▼ + stars: | 2023-01-31 | by ( Josh Horwitz | ) www.reuters.com time to read: +4 min

TSMC is the world's most valuable chipmaker and counts Apple Inc (AAPL.O) and Nvidia Corp (NVDA.O) among major clients. Its government-backing and ambition to make high-end chips caught the attention of the United States which put the firm on its Entity List in 2020. To date, most of SMIC's sales are made using the outdated 45 nanometer process node and above. Since late 2020, this specialisation in older chips has proven a boon due to a global shortage of lower-end chips. It produces DRAM at the 19 nanometer node and is moving into the 17 nanometer node - process nodes behind the industry leading-edge.

Starting with the Trump administration, the United States has been tightening the noose around China's high-tech ambitions. But why worry about older chip technology? “28 nanometer” refers to a chip technology commercially used since 2011. But it is a giant in older technology, including chips that regulate power flows in electronics. The importance of older chip technology hit the industry in the face in 2021 as a shortage of those chips prevented manufacturing of millions of cars and consumer electronics.

TAIPEI, Nov 22 (Reuters) - Major Apple Inc (AAPL.O) supplier and iPhone assembler Foxconn (2317.TW) said on Tuesday it had hired Chiang Shang-yi, a former top executive at Taiwanese chipmaker TSMC (2330.TW) and Chinese chipmaker SMIC, to lead its growing push in the chip business. Foxconn, the world's largest contract electronics maker, is best known for assembling iPhones and other Apple products, though in recent years it has been expanding into chips to diversify its business. Chiang previously worked as vice president of research and development at Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker. He was more recently the vice chairman of Semiconductor Manufacturing International Corp (0981.HK) (SMIC), the largest and most advanced chipmaker in China. Chiang resigned from his position at SMIC last November, roughly a year after joining the company for the second time.

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