Chairman of SMIC dies at the age of 64
By Zhu Shenshen |
June 29, 2011, Wednesday
|
Print Edition
Print Edition
JIANG Shangzhou, chairman of Semiconductor Manufacturing International Corp, died on Monday, Chinese mainland's biggest contract chip maker said yesterday. He was 64.
Shanghai-based SMIC, the world's fourth biggest contract chip maker, declined to comment further or reveal candidates to replace Jiang.
Media reports said Jiang died of cancer.
Industry insiders said Zhang Wenyi, who works for state-owned Huahong Group, will likely replace Jiang.
Zhang will also be placed on SMIC's board along with Liu Zunyi from CIC, media reports said, citing SMIC president Wang Ningguo.
"It's a great loss for the Chinese high-tech industry because Jiang played an important role in the domestic aircraft and semiconductor industry," said Gu Wenjun, a integrated circuit analyst at iSuppli, a US-based research firm.
Besides being named SMIC's chairman in 2009, Jiang was also a CPPCC member of Shanghai, the deputy secretary general of the Shanghai State-owned Asset Supervision and Administration Commission and held senior positions in Hainan Province.
Jiang also played a key role in drafting plans to develop "strategic industries" such as aircraft production and integrated circuits. He was also director of the China Semiconductor Industry Association.
Under Jiang's management, SMIC received strategic investment and drafted ambitious plans.
In April, China Investment Corp, the country's sovereign wealth fund, invested US$300 million in SMIC to expand production capacity and improve technology.
Shanghai-based SMIC, the world's fourth biggest contract chip maker, declined to comment further or reveal candidates to replace Jiang.
Media reports said Jiang died of cancer.
Industry insiders said Zhang Wenyi, who works for state-owned Huahong Group, will likely replace Jiang.
Zhang will also be placed on SMIC's board along with Liu Zunyi from CIC, media reports said, citing SMIC president Wang Ningguo.
"It's a great loss for the Chinese high-tech industry because Jiang played an important role in the domestic aircraft and semiconductor industry," said Gu Wenjun, a integrated circuit analyst at iSuppli, a US-based research firm.
Besides being named SMIC's chairman in 2009, Jiang was also a CPPCC member of Shanghai, the deputy secretary general of the Shanghai State-owned Asset Supervision and Administration Commission and held senior positions in Hainan Province.
Jiang also played a key role in drafting plans to develop "strategic industries" such as aircraft production and integrated circuits. He was also director of the China Semiconductor Industry Association.
Under Jiang's management, SMIC received strategic investment and drafted ambitious plans.
In April, China Investment Corp, the country's sovereign wealth fund, invested US$300 million in SMIC to expand production capacity and improve technology.
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