That night, domestic chip leader Semiconductor Manufacturing International Corporation announced that Chairman Zhou Zixue resigned for personal health reasons. Zhou Zixue has confirmed that it has no disagreement with the company or the board of directors. After Zhou Zixue resigned, Gao Yonggang, chief financial officer and company secretary of Semiconductor Manufacturing International Corporation, was appointed acting chairman of the company to perform the duties of chairman.

At noon on the same day, Semiconductor Manufacturing International Corporation's other news also shook A-share semiconductors and chip plates. Semiconductor Manufacturing International Corporation plans to set up a joint venture with the management committee of the Lingang New area of the Shanghai Free Trade Zone to build a 12-inch fab with a monthly capacity of 100000 chips, with a total investment of about 8.87 billion US dollars, or about 57.2 billion yuan.

Stimulated by the above news, semiconductor and chip stocks once rose in a straight line, hit the daily limit in national technology trading, and finally closed up 18.53%. North China Chuang once rose nearly 8% and finally closed up 3.76%. Semiconductor Manufacturing International Corporation A shares rose nearly 5% in intraday trading and closed up 2.86%.

Zhou Zixue, chairman of Semiconductor Manufacturing International Corporation, resigned

Semiconductor Manufacturing International Corporation, a domestic chip leader, announced that due to personal health reasons, Dr. Zhou Zixue, the chairman and executive director of the company, resigned as chairman of the company and chairman of the board of directors nominating committee, effective immediately.

After resigning from the above position, Zhou Zixue will continue to serve as the executive director of the company. Semiconductor Manufacturing International Corporation said that Zhou Zixue had confirmed that it had no differences of opinion with the company or the board of directors, and that there was no other information relating to his resignation as chairman of the company and chairman of the board nomination committee to be brought to the attention of the company's shareholders.

According to public information, Zhou Zixue was appointed chairman and executive director of Semiconductor Manufacturing International Corporation on March 6, 2015 and has been in office for six and a half years. Before taking up the above position, Zhou Zixue worked in the Ministry of Industry and Information Technology, served as Chief Economist and Chief Secretary for Finance, and had more than 30 years of experience in economic operation regulation and management in the industrial and information field. At the same time, he also holds a master's degree in management from the University of Electronic Science and Technology and a doctorate in economics from Central China normal University.

Zhou Zixue is currently vice president and secretary-general of China Electronic Information Industry Federation, chairman of China Semiconductor Industry Association, chairman of Changdian Technology (600584) and independent director of Nantian Information (000948).

Between 2015 and 2020, Semiconductor Manufacturing International Corporation's revenue increased from 14.7 billion yuan to 27.5 billion yuan, while the net profit returned to her mother increased from 1.6 billion yuan to 4.3 billion yuan (the net profit decreased for two years during the period). In the first half of this year, benefiting from the high prosperity of the semiconductor industry, Semiconductor Manufacturing International Corporation achieved a net profit of 5.241 billion yuan, an increase of 278% over the same period last year, and the net profit exceeded that of 2020.

After Zhou Zixue resigned as chairman, Dr. Gao Yonggang, executive director, chief financial officer and company secretary of Semiconductor Manufacturing International Corporation, was appointed acting chairman of the company, performing the duties of chairman of the board and serving as chairman of the board of directors nominating committee, effective immediately.

Gao Yonggang, who holds a doctorate in management from Nankai University, has served as chief accountant of the Telecommunication Science and Technology Research Institute (Datang Telecom Science and Technology Industry Group) and chairman of Datang Telecom Group Finance Co., Ltd. Gao Yonggang has more than 30 years of business management experience and has served as the financial or corporate head of a number of enterprises or organizations. In addition, Gao Yonggang is also the executive director of the Chinese Accounting Association, a member of the Science and Technology Innovation Board listing Committee of the Shanghai Stock Exchange, the founding director of the Hong Kong Independent non-Executive Directors Association, and the vice president of the China Electronic Information Industry Federation.

According to the annual report, Zhou Zixue's total salary in 2020 is 6.933 million yuan (before tax), Gao Yonggang's total salary is 6.717 million yuan (before tax), while the company's highest salary is co-CEO and executive director Liang Mengsong, with an annual salary of 28.811 million yuan (before tax).

The net profit in the first half of the year increased by 278% compared with the same period last year, and the number of R & D personnel decreased.

Semiconductor Manufacturing International Corporation is one of the world's leading integrated circuit wafer foundry enterprises, and it is also a professional foundry with the most advanced technology, the largest scale, the most complete supporting services and transnational operation of Chinese mainland. It mainly provides customers with integrated circuit wafer foundry and supporting services of 0.35um to 14nm technology nodes and different process platforms.

According to the global market sales ranking of pure wafer foundry industry released by ICInsights in 2020, Semiconductor Manufacturing International Corporation ranks fourth in the world and ranks first among Chinese mainland enterprises.

In 2020, with the epidemic sweeping the world, the "residential economy" strengthens people's demand for the Internet of everything, bringing rare market opportunities to the semiconductor industry chain. Benefiting from the recent development of the industry, for the whole of 2020, Semiconductor Manufacturing International Corporation achieved an operating income of 27.47 billion yuan, an increase of 24.8% over the same period last year; a net profit of 4.33 billion yuan, an increase of 141.5% over the same period last year; and the company's gross profit margin rose from 20.8% in 2019 to 23.8% in 2020, an increase of 3 percentage points.

In that year, the company's production staff increased by 1780, but the number of R & D personnel decreased by 195 to 2335 compared with the previous year, and the average salary of R & D personnel increased from 319000 yuan to 362000 yuan.

In the first half of 2021, the epidemic continued to spread in some countries and regions, the supply of overseas capacity was limited, the panic stock of superimposed industrial chain and the slow expansion of global wafer manufacturing capacity led to a shortage of supply in the global semiconductor market.

Benefiting from this, Semiconductor Manufacturing International Corporation's operating income in the first half of the year increased by 22.3% to 16.09 billion yuan over the same period last year, while net profit rose 278.1% to 5.241 billion yuan, surpassing that of last year. The company's gross profit margin further increased to 26.7%, an increase of 3.2% over the same period last year. The number of Semiconductor Manufacturing International Corporation's R & D personnel further dropped to 1785, a decrease of 634 compared with the same period last year.

The increase in Semiconductor Manufacturing International Corporation's income is mainly due to the increase in the number of wafers sold and the average selling price. In the first half of the year, the number of wafers sold by the company increased by 16.2% to 3.3 million wafers from 2.8 million wafers in the same period last year. The average selling price (wafer sales revenue divided by the total number of wafers sold) increased from 4143 yuan in the same period last year to 4390 yuan in the current period.

Zhou Zixue and Gao Yonggang evaluated the company's performance in this way.

In the 2020 annual report disclosed in April this year, Zhou Zixue, chairman of Semiconductor Manufacturing International Corporation, said that 2020 is the 20th anniversary of Semiconductor Manufacturing International Corporation's founding and the first year that the company successfully landed on the Shanghai Stock Exchange. After 20 years of accumulation of independent technology development, market expansion, production capacity construction and personnel training, the company has gradually promoted the virtuous circle of old factories with new ones, steadily expanded production capacity, improved operational efficiency, optimized product mix, and developed advanced technology. the company's core competitiveness continues to improve.

In terms of mature process, Semiconductor Manufacturing International Corporation has reached the industry-leading level in product platforms such as power management, ultra-low power consumption, RF, image sensing, fingerprint identification, special memory, especially the process nodes such as 0.15amp 0.18nm, 55max 65nm, 40max 45nm, etc.; in advanced process, the company has achieved 15,000 pieces of FinFET installation capacity target, the first generation of mass production has been steadily advanced, and the second generation has entered risk mass production. In 2020, many financial indicators of Semiconductor Manufacturing International Corporation reached an all-time high.

Zhou Zixue said that these achievements can not be achieved without the painstaking efforts of all staff and the trust and understanding of customers, suppliers, shareholders, investors and people from all walks of life.

Looking forward to 2021, opportunities and challenges coexist. On the one hand, the rise of new business type, new models and new applications, such as AI and the Internet of things, drives the demand for chips. At present, the global wafer foundry capacity is still tight, customer demand is growing, but the capacity expansion rate can not keep up. On the other hand, Semiconductor Manufacturing International Corporation still faces the influence of uncertainties in the control of the US "entity list", the delivery time of equipment procurement is longer than in the past, and it is also possible that the progress of capacity construction is not as expected.

Zhou Zixue said that although we cannot absolutely control the external force majeure, we will cultivate new machines in the crisis, open a new game in the changing situation, and explore a road of sustainable development that is more suitable for Semiconductor Manufacturing International Corporation. The key work in 2021 is, on the premise of continuing to operate in accordance with the law, first, to continue to work closely and actively communicate with suppliers, customers and relevant government departments to promote export license applications and do our best to ensure operational continuity; second, strive to expand production capacity as soon as possible to meet customer needs.

In August this year, according to Semiconductor Manufacturing International Corporation's second-quarter results, Gao Yonggang, the company's chief financial officer, said that all the financial indicators of the company in the second quarter were better than expected. In the guidance for the third quarter, Gao Yonggang said that sales revenue in the third quarter is expected to grow by 2% to 4% month-on-month, and gross profit margin is expected to be between 32% and 34%.

Based on the performance in the first half of the year and the outlook for the second half of the year, the company's annual sales revenue growth target and gross profit margin target have been raised to about 30% on the premise that the external environment is relatively stable. Due to depreciation and dilution, the adverse impact of advanced processes on the company's overall gross profit margin this year is expected to drop to about five percentage points.

Gao Yonggang said that the company still faces the impact of the physical list, and there is some uncertainty in the expectations of various indicators, but the company will actively strive to solve the problem, do its best to ensure operational continuity and performance improvement, and better return to shareholders.

Invest 57.2 billion yuan! Semiconductor Manufacturing International Corporation made a big move again.

On September 3, another big piece of news from Semiconductor Manufacturing International Corporation also shook the entire chip industry.

At noon on the same day, Semiconductor Manufacturing International Corporation announced at the Hong Kong Stock Exchange that the company plans to set up a 12-inch wafer foundry production line project joint venture with the management committee of the Lingang New area of the Shanghai Free Trade Zone, with a total investment of about 8.87 billion US dollars. About 57.2 billion yuan.

Semiconductor Manufacturing International Corporation signed a cooperation framework agreement with the Lingang New District Management Committee of the Shanghai Free Trade pilot Zone on September 2, the announcement said. According to the cooperation framework agreement, the company and the management committee of Lingang New Zone of Shanghai Free Trade Zone intend to set up a joint venture in Hong Kong Free Trade Zone. The joint venture company will plan to build a 12-inch wafer foundry production line with a capacity of 100000 wafers per month, focusing on IC wafer foundry and technical services that provide 28 nm and above technology nodes.

The above-mentioned project plans to invest about US $8.87 billion, and the registered capital of the joint venture company is proposed to be US $5.5 billion, of which Semiconductor Manufacturing International Corporation plans to contribute no less than 51%, and the investors designated by the Shanghai Municipal people's Government will account for no more than 25%. The company and the management committee of Lingang New District of Shanghai Free Trade Experimental Zone will jointly promote third-party investors to complete the remaining capital contribution, and then adjust their respective contribution amount and equity ratio according to the contribution of third-party investors. Semiconductor Manufacturing International Corporation will be responsible for the operation and management of the joint venture.

The research institute pointed out that Semiconductor Manufacturing International Corporation's production expansion rate has gradually accelerated and future profits can be expected: at present, it is generally believed that the semiconductor production capacity shortage will last until 2022, and the company's production line is expected to continue to operate at full capacity in 2021. Considering that the company raised the prices of some products in April, the performance will continue to improve in the second half of the year.

In the medium and long term, the company, as the leader of Chinese mainland wafer foundry, with perfect process nodes and advanced technology, is expected to continue to benefit from the rapid rise under the background of global capacity shortage and domestic substitution.