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mmmmh
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re: SMIC trading halted after chairman's death
mmmmh   11/21/2011 1:46:26 PM
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SMIC is shifted since Jiang Mianheng moves out of game. The ex-president of PRC, Mr. Jiang, is losing his power. God bless each chinese citizen during this revolution.

mmmmh
User Rank
Rookie
re: SMIC trading halted after chairman's death
mmmmh   7/8/2011 11:53:48 AM
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Last year I had a conversation with an employee from SMIC, who forecasted the crisis since there have been virtually a hundred managers left that company in last 6 months. The social system underwent in that country can be seen and I have no comment to it at the moment. Let me answer your question in this way. In chinese language, the given name of the chairman, Shang Zhou, stands for the motion of being on a shallow boat (something like Gondola) in rush river, which precisely describes the difficulty to get onto that seat.

sranje
User Rank
Manager
re: SMIC trading halted after chairman's death
sranje   7/5/2011 4:54:34 PM
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SMIC will remain a major global foundry - it has a great future. BTW - its COO is a leading foundry executive.

beijiner
User Rank
Rookie
re: SMIC trading halted after chairman's death
beijiner   7/3/2011 8:51:55 AM
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Typical in-fight associated with the major shareholder's design to bring SMIC in under its total control, it sure does not serve well in the eyes of its customers should SMIC to change its core business model of pure foundry player... So God helps it

MClayton0
User Rank
CEO
re: SMIC trading halted after chairman's death
MClayton0   7/1/2011 5:48:41 PM
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Despite the ruling class customs, the company is doing great job as foundry supplier to my client IC companies, based on inputs this year (NDA requires no details, but can say very positive results).

mcgrathdylan
User Rank
Blogger
re: SMIC trading halted after chairman's death
mcgrathdylan   7/1/2011 5:25:05 PM
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@mmmmh- interesting. Can you please elaborate?

mmmmh
User Rank
Rookie
re: SMIC trading halted after chairman's death
mmmmh   7/1/2011 10:45:06 AM
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I am afraid the author does not understand the social system in china. There is a tranaction undergoing that causes the chaos since SMIC tends to move from Jiang's empire to his successor

Peter Clarke
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Blogger
re: SMIC trading halted after chairman's death
Peter Clarke   6/30/2011 3:00:56 PM
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The government is a major shareholder, through Datang. See http://www.eetimes.com/electronics-news/4215780/Datang-pumps-cash-into-SMIC--TSMC-declines

Patk0317
User Rank
CEO
re: SMIC trading halted after chairman's death
Patk0317   6/30/2011 1:23:46 PM
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I am left wondering if the government is a major shareholder in this company? It seems that these votes are not in the best interests of (most of) the shareholders. There is more here than meets the eye.

junko.yoshida
User Rank
Blogger
re: SMIC trading halted after chairman's death
junko.yoshida   6/30/2011 10:59:36 AM
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This does not sound good. No succession plan? No vote of confidence in the company's CEO? We'd all have to wonder something else must be going on here... That said, familiar names like Tsuyoshi Kawanishi or Lip-Bu Tan give us some comfort. For those who do business with SMIC, what are you hearing?



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