Since Huawei was suppressed by the United States and TSMC stopped its OEM cooperation, everyone pinned their hopes on SMIC, the largest chip foundry in mainland China. Since last year, SMIC has been sought after, won the favor of various capitals, and successfully landed on the Shanghai Stock Exchange as soon as possible, and its market value has exceeded 6 billion yuan all the way, becoming a dark horse of A shares.
However, SMIC, which shoulders the heavy responsibility, is also treading on thin ice. At that time, it was able to achieve mass production of 14nm at most, while its competitor TSMC has already achieved mass production of 7nm, and it is still pushing for higher technology. The gap between the two is still not small. Of course, the biggest anxiety still comes from the United States, which may face repression at any time.
Unexpectedly, it still failed to escape. On December 3, SMIC was blacklisted by the United States, and the crackdown came. In this difficult time, SMIC once again experienced infighting. On the 15th, Jiang Shangyi was appointed as the vice chairman of SMIC, and then Liang Mengsong, the co-CEO of SMIC, resigned. This incident immediately caused a sensation in the market, and SMIC's share price also fell, with a current market value of 4,225. Previously, it had been reported that Liang Mengsong and another co-CEO, Zhao Haijun, were at odds.
this is not the first time that SMIC has had an internal strife. As early as 211, SMIC director Changjiang Shangzhou died of illness, and CEO Wang Ningguo and COO Simon Yang had a fight, which ended in their simultaneous exit. Judging from the development course of SMIC, it is not easy to achieve today's achievements either because of repression or infighting.
in p>2, Chinese mainland's chip industry was almost deserted. Zhang Rujing raised $1 billion and founded SMIC in Shanghai with a technical team of hundreds of people. This group of people is entirely for their dreams, because they have high salaries in chip companies abroad, and they can only get very low wages when they come to the mainland. Under such a difficult environment, SMIC promoted the rise of the mainland chip manufacturing industry, and it took only four years to realize the listing in new york and Hongkong.
however, in the beginning, SMIC was a foreign-funded enterprise, and it was not until 23 that it introduced 63 million US dollars of investment, with both domestic and foreign capital, and even Motorola came in. After the listing in 24, SMIC's largest shareholder was Shanghai Industry, with a shareholding ratio of 13.6%, and it did not realize holding, while Motorola was the second largest shareholder.
With the rise of SMIC, it was soon suppressed by its competitor TSMC. Zhang Rujing came from TSMC, so he was accused of stealing trade secrets and patent infringement, and was claimed $1 billion. After many lawsuits, SMIC lost, and finally the two sides reached a settlement.
SMIC paid US$ 2 million, TSMC also acquired 8% shares in SMIC, and its founder Zhang Rujing was forced to leave the company he founded. At that time, SMIC had 3-nm and 2-nm factories in many cities in mainland China, and also had offices overseas.
In p>29, after Zhang Rujing left, Wang Ningguo took over the position of CEO and led SMIC for four years, until the internal strife occurred. During this period, in 21, the equity of SMIC changed again, and Datang Telecom became the largest shareholder with a shareholding ratio of 14.3%. Shanghai Industry is the second largest shareholder, and its shareholding ratio has dropped to 8.7%. TSMC also holds nearly 7% of the shares.
From here, SMIC is gradually transforming into a domestic enterprise. In 211, SMIC welcomed another heavy investor, CIC. CIC is a ministerial-level enterprise directly under the State Council, and its background and capital are incomparable to other enterprises. At that time, it invested 25 million US dollars and became the second largest shareholder of SMIC.
after CEO Wang Ningguo and COO Simon Yang were both eliminated, Tzu-Yin Chiu was appointed as CEO. He was a veteran who founded SMIC with Zhang Rujing and served as vice president of operations. He left in 25 because of disagreement. Returning to SMIC is undoubtedly an anchor.
With the development of SMIC, its equity is also changing. In 215, the National Integrated Circuit Fund entered the market and became the second largest shareholder, and introduced 1 billion US dollars to build an integrated circuit production line. In 217, SMIC welcomed a heavyweight, namely Liang Mengsong, who served as co-CEO.
As he said, he didn't come to SMIC for high officials and high salaries, just like Zhang Rujing and his team came to the mainland in those days, they all came for their dreams. Liang Mengsong led the team to complete five generations of technology development from 28nm to 7nm. It is understood that 7nm can enter risk mass production next year. In just over three years, under the leadership of Liang Mengsong, SMIC has accomplished what other enterprises have been able to do for more than ten years, which is indeed a great contribution.
By the end of 219, the largest shareholder of SMIC was Datang Telecom, with 17% of the shares, the second largest shareholder was the National Integrated Circuit Industry Fund, with 15.7% of the shares, and the third largest shareholder was Ziguang Group with 7.4%. It can be seen that SMIC has basically become an enterprise with a state-owned background, and the proportion of TSMC and other foreign capital has been very small.
Against this background, SMIC has also spread infighting, which is really inappropriate. As the leader of chip foundry in Chinese mainland, SMIC has a heavy responsibility. I only hope that SMIC can get through it smoothly after Liang Mengsong's resignation, and it should not consume itself for internal strife.