China SMIC chairman resigns, replaced by chemical industry veteran

SHANGHAI : Semiconductor Manufacturing International Corp said Chairman Gao Yonggang has resigned, marking the latest board level departure from China's largest chipmaker in recent years as it battles U.S. pressure.

Liu previously held a series of roles at a unit of refining giant China Petroleum & Chemical Corp, better known as Sinopec, and chemical group Shanghai Huayi Group, SMIC said.

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