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South China Morning Post

China’s chip champion SMIC appoints new chairman amid intensifying US scrutiny

Semiconductor Manufacturing International Corp (SMIC), seen as China’s best chance to achieve self-sufficiency in chips, has appointed a new chairman as it faces greater scrutiny from Washington and calls by some US lawmakers for tighter trade sanctions. SMIC, listed on both the Shanghai and Hong Kong stock exchanges, appointed its chief financial officer Gao Yonggang as the new chairman of the board. Gao, who has been SMIC’s CFO since 2014, was named acting chairman last September after Zhou Zi

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