LONDON Foundry chipmaker Semiconductor Manufacturing International Corp. (Shanghai, China) is expected to announce a capital injection from Datang Telecom Technology & Industry Holdings Co. Ltd., an existing investor, at a quarterly investor conference call on Wednesday (Feb. 9).
The investment, through subscription to additional shares, is set to be announced along with a number of senior management appointments, according to a Reuters report.
David Wang replaced Richard Chang as president and CEO of SMIC, when Chang resigned in November 2009 after the company settled a long-running feud with rival foundry Taiwan Semiconductor Manufacturing Co. Ltd. (Hsinchu, Taiwan). A number of executive are said to have followed Chang out of SMIC.
In November 2008 it was announced Beijing-based Datang would acquire a 16.6 percent stake in SMIC for $172 million.
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