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A spokesman said that SMIC has weathered its most difficult period, and the primary objective at this stage is to complete profitability.
Morning Post correspondent Zhou Ling reported that as the company chairman, CEO, and COO future candidates need to implement measures to get the company back on track.
On July 18, after a multi-game, former chairman of Hua Hong Group, Photo Courtesy, became SMIC's chairman succeeding the late River Boat Chairman; On August 5, Chief Executive of Hua Hong NEC, Chiu Tsz Wan, continued as SMIC’s CEO post, succeeding Dr. Wang who resigned abroad; On August 15, personnel fighting added another hero, SMIC COO (Chief Operating Officer) Yang Shining, who resigned. SMIC is identifying candidates to succeed Yang Shining.
As for how to implement these measures, they need to give him time.
SMIC seems to have settled through two months of power struggle, but there are still attacks against Dr. Wang and Yang Shining's men posted on the network, and even attacks on the current management.
SMIC factions culture
An insider told reporters that when Dr. Wang came to power, the conflict between him and Yang Shining was summarized as contradictions, with no faction within the SMIC culture. Photo Courtesy held this view, but it was not realistic.
SMIC founder Richard Chang is from Taiwan, and SMIC had many Taiwanese people join in its early creation. During Richard Chang's era in power, conflicts between Taiwanese and mainland employees consistently existed. The treatment of Taiwanese employees was generally higher than that of mainland employees, leading to dissatisfaction among mainland employees.
Chang's poor performance in operating the company led to his removal by the Board of Directors in November 2009. Conflicts between Taiwanese and other nationals still exist. Dr. Wang and Yang Shining have their supporters behind them in this personnel arrangement, with basic support for Dr. Wang being Taiwanese, while Yang Shining's support comes from multi-continental origins.
In February 2010, SMIC's Jiujiang Yang Shining resigned from his position as Chief Technology Officer (CTO) at Singapore’s Chartered Semiconductor Manufacturing and returned to SMIC as COO, director of research and development and operations. Yang Shining is a returnee who understands technology, and staff looked up to him after his return.
According to SMIC assembly reporters, Yang Shining is quite close to junior staff and actively strives for the welfare of junior staff in his department in charge of operations in R&D, earning him a good reputation. In 2010, the staff in Yang Shining's department successfully fought for a raise.
It is said that the contradiction between Wang and Yang started in the first quarter of this year. At that time, the semiconductor industry was no longer economically viable, SMIC's capacity utilization was not at its peak, and there was a risk of loss. Wang and Yang could not reach an agreement on many issues, or even had arguments, gradually accumulating contradictions.
Yang Shining told the media that the reason why SMIC could achieve profitability in 2010 was due to his significant contribution in R&D and operational accommodation, otherwise, profitability would not have been achieved. This statement by Yang Shining led to dissatisfaction among other SMIC management cadres.
In March this year, Dr. Wang led the senior management team for the first time in a media appearance, but Yang Shining did not show up, saying he was on business in the United States. Dr. Wang told the media that SMIC achieved its first anniversary profit since listing in 2010. Dr. Wang explained that the company was profitable because he was able to set up a very professional team, drive employee morale, and meet very good market conditions in 2010. This argument was also recognized by Chairman River Boat before his death.
On June 27, after the death of River Boat, Wang and Yang broke out into two completely contradictory stances. As the better shareholder of Datang Telecom Group, the CEO supported Yang Shining, claiming that Dr. Wang lost the controlling director position due to the negative vote cast by Datang Telecom. Dr. Wang's supporters then launched an argument. The two sides engaged in fierce debates and verbal wars.
The faction supporting Yang Shining accused CFO Tseng of having personal relationships and rifts in the gamecard, lacking ability to get paid; meanwhile, the faction supporting Dr. Wang accused Yang Shining of suspected tax evasion through false invoices to offset wages, undermining the company's image.
The contradiction between the chairman and the deceased began. But discussing this personality is unlike other shareholders, and ultimately unsatisfying.
Even though Wang and Yang were both out, the disputes continued. Some even advanced Photo Courtesy, Chiu Tsz Wan. Lin Xueheng said some humans can not be reconciled, for a moment, unwilling to accept the new management, the mentality of these people are not mature, but the aggregation is to stabilize the advisers back to work soon.
Datang Telecom’s Next
Besides this personnel fight involving Wang and Yang at high levels, the largest shareholder of Datang Telecom Group played a strong authoritative role in this Personnel battle which was out of control.
Since Richard Chang's era of poor performance in SMIC financing difficulties, Datang replaced SMIC Shanghai Industrial to become the largest shareholder in 2008 due to lack of funds. Two years later, Datang increased investment by $102 million. Not only did Datang hold the largest shareholder position, but it also possessed two board seats. However, Chang did not want to participate in SMIC Datang Telecom management operations, requiring only Datang Telecom committed strategic broker.
After the death of River Boat, Tang saw the opportunity to control SMIC, reconciling only investors, with Datang adding technology patents in TD-SCDMA and TD-LTE, taking strong action by SMIC, integrating to open up the industry chain, increasing their industry status and right to speak.
On June 29, SMIC shareholders' meeting, Dr. Wang was able to vote on the board re-election, Taiwan Semiconductor Manufacturing Company, Walden Investment, NEA were voted second, three Shanghai Industrial Investment and shareholders autonomously abstained, then cast a key vote towards Tang.
Employees in SMIC seem overwhelmed by the strong involvement of company personnel Datang struggle a bit unexpected, but understandable.
It is understood that Datang has a background of strong intervention. In 2010, the global semiconductor foundry industry was in economic recovery, SMIC was able to produce abundantly, but Dr. Wang led from the angle of main service profitability, serving some large foreign customers, China's calm dent design companies hoped SMIC tape, but SMIC aimed to stay for the bounded companies to produce. The continent has a number of semiconductor design companies going to find the China Semiconductor Industry Association to communicate with SMIC, SMIC CMO quarters, but was flatly rejected non-grams, breaking up. Dr. Wang as a professional manager, not decidedly care about the local semiconductor industry, the contradiction between Tang and Dr. Wang in this allocation is obvious.
River Boat in office, consistently emphasized SMIC should attach to two color, because the semiconductor industry decides that it must take the open development. Besides this route, it has been supported by shareholders other than Tang.
Tang chose to support the adventure of Executive Director and CEO Yang Shining, SMIC is not only under Tang's final say, but also in accession to Tang, there are in the cast, the Shanghai Industrial and across investors, the majority of shareholders did not accede with Yang Shining as CEO. Consultation in the lead cast, eventually got the boat on the river college students, but also the river boat before the scheduled photo courtesy of chairman of the board, photo courtesy of Hua Hong Group has been in office, has extensive experience in the semiconductor industry, photo courtesy of the previous partner got Chiu Tsz Wan Hua Hong NEC chief executive as CEO.
iSuppli senior analyst Gu Jun said that the ultimate strength of the personnel program is absolute down all the results, it is difficult to say which one ultimately led accessories.
Overwhelmed by new personnel arrangements are not in accordance with the wishes of Datang Telecom, Datang Telecom is still to be seen how to do the next step. Datang Telecom Group, the next step will further strengthen the SMIC’s control? If Datang Telecom reconciled accepted candidates, the future of SMIC’s management, there are variables.
How Chiu Tsz Wan cleans up the mess
On March 5, appear that SMIC, Hua Hong NEC Chiu Tsz Wan served as SMIC CEO and Executive Director. The industry with the Chiu Tsz Wan SMIC business admiral early captivation of SMIC is very familiar, while Chiu Tsz Wan has a very rich experience in the industry, the semiconductor industry is very familiar with, and Chiu Tsz Wan acceptable reputation, you can appease the assurance of personnel after the battle.
Shanghai Integrated Circuit Industry Association, Jiang Shou Lei Duiqiu Tsz Wan spoke awful of, The industry also told reporters yesterday, Chiu Tsz Wan were very good, also very strong, but the ability to control reside SMIC this ship is not to say. Experience, the SMIC and the Chinese ample and deep understanding of the semiconductor bazaar, is to lead the company.
SMIC staff, told reporters, after he took office were held Chiu Tsz Wan SMIC Shanghai, Beijing, Tianjin, Wuhan, CEO communication will inform the company’s ambiance, the next step on how to develop, then the communicated to every employee in charge.
It is understood, Chiu Tsz Wan from human resources, capital, technology, customers, management in 5 areas declared his management aesthetics. SMIC has been overwhelmed by the personnel turbulence acquired by staff turnover, Chiu Tsz Wan that the semiconductor industry and lack of skills, SMIC will be introduced from external and centralized training are two ways to strengthen personnel training, advanced technology to beforehand in technology, advanced accomplishment process to advance and improve the capacity utilization, stressed the need to strengthen customer relationships.
Chiu Tsz Wan for his first advice will have the internal staff complained SMIC Chiu Tsz Wan lack of preparation, lack of communication will be the contents of the new ideas. Some employees worry that the company’s new CEO in order to profit, reduce costs may lead to pay cuts would abuse employees.
Linxue Heng said that so far the company has not absitively to take a pay cut, reduce costs mainly by reducing the procurement of equipment, the more refined the operation of the department to achieve, Lin Xueheng said Qiu Ci Yungang assumed office, the company has a familiar process, external stresses are not suitable for some specific practices.
Chaos after a peace and order?
Clearly, the SMIC process occurs most intense, most lethal battles of the personnel there are no winners, SMIC and abundant losses into the quagmire; battle not only lost the baron SMIC Ning Yang Shining two countries and the semiconductor industry personnel, but also so altered to further deepen the rift between factions for the future development of SMIC planted a shadow. On August 11, SMIC disclosed second-quarter report, the company’s revenue fell 6%, a net loss of $3.8 million.
Semiconductor branch business competitiveness through scale advantages, launched by a lot of money to promote a new device update advanced process technology. Yang Shining in charge of technology SMIC return brings more than a year to upgrade technology, and now Yang resigned replacements can ensure the progress of SMIC’s technology research and development to accumulate up with industry rhythm? Semiconductor foundry industry talent shortage, is not easy to find a suitable applicant, together with the aboriginal internal struggles make catch-up SMIC affairs to advance the technology to be upset, SMIC’s ability to remain technologically aggressive? Second, the lack of funds to the costs of SMIC’s advanced equipment to ensure that, to remain competitive but also new management cephalalgia.
Linxue Heng the Post reporter, said, value of the business strategy. New era.
iSuppli senior analyst Gu Jun, told reporters that there is peace and order after the chaos, the current situation of ample SMIC actuate its prospects still very bright. Unique advantage. The mainland’s IC architecture companies are also growing rapidly, This not only bring stability to give SMIC, SMIC can also help out of the quagmire. Yang Shining losers SMIC COO resigned: executive short-term is expected to quell the infighting new CEO Chiu Tsz Wan gift: SMIC to reproduce the second quarter loss.
