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Former TSMC executive to join Chinese rival

Chipmaker veteran to sit on SMIC board, highlighting Beijing's ambitions

Chiang Shang-yi, pictured, was a right-hand man for TSMC chairman and founder Morris Chang. (Photo courtesy of Industrial Technology Research Institute)

TAIPEI -- A former senior executive from Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, is set to join China's Semiconductor Manufacturing International Co. as an independent board member. The move comes at a time when China is working aggressively to build its own semiconductor sector to reduce reliance on foreign chip companies.

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