4 directors quit board of top Chinese chipmaker SMIC

Manufacturer announces reshuffle and receives Shanghai Stock Exchange warning

20211111N (copy of 20200930 SMIC factory)

SMIC is China's biggest contract chipmaker and a key part of Beijing's goal of building a domestic semiconductor ecoystem. (Photo courtesy of SMIC)

CHENG TING-FANG and LAULY LI, Nikkei staff writers

November 12, 2021 00:54 JST

TAIPEI -- China's largest contract chipmaker, Semiconductor Manufacturing International Co., on Thursday said nearly one-third of its board of directors has resigned effective immediately, in a big reshuffle of high-ranking personnel after the company was blacklisted by the U.S. in late 2020.