Come on, there's no need for you here!

Losing to TSMC in court is by no means the reason why Chang completely loses SMIC. Text journalist Zhaofeng 9 years ago, SMIC International integrated Circuit Manufacturing Co., Ltd. (00981. HK, abbreviation: SMIC in Shanghai Zhangjiang High-Tech Park when the first pile, looking at the film was still eyeful luxuriant the future of the plant, middle-aged but certainly full of entrepreneurial vision of the Chang hand is his life incomparable beloved white-haired mother. He might have thought of it as a reward for his mother's upbringing, but at the moment when he had to leave the land, the devout Christian sent the message "Please remain joyful, though there is injustice in the world, but there is peace in the Lord's word" for an old man who has left for many years but is still weeping.　　The heart is full of perhaps the mother's apology. The lawsuit against Taiwan's integrated Circuit Manufacturing Co., Ltd, and the subsequent settlement, at the expense of TSMC's $200 million trillion in cash, and the cost of holding SMIC's 10% stake, almost Chang the crux of the problem to the entrepreneurial model of rampant expansion of capacity and neglect of technology research and development. Although there are former SMIC employees describe Chang as a "very sweet, very loyal brothers" and "We are not in his position, how can we criticize him?" But the company has been lagging behind TSMC and other rivals in its desired high-end products to achieve higher margins, and 16 quarterly losses in the last 17 quarters, the fact that stocks have fallen 86% since the IPO has not only made analysts think that the government, which is still the core international shareholder, has lost patience with Chang's performance and that the overly assertive CEO is an impediment to the merger of SMIC with other rivals, has already let people see SMIC although the scale of the global semiconductor generation industry is the third largest, technology accumulation is the world's top four of the weakest one. In this regard, the typical evaluation from the Singapore Dahua Investment Management Co., Ltd. analyst Weng sent the same. He said: "They are still lagging behind in technology and cannot compete with front-line manufacturers." "The postponement of the technological process is believed to be rooted in the development of TSMC, which is far more than the world's number one professional IC manufacturer, which consumes SMIC's capital and overdrafts its talent resources." Less than 10 to start from scratch in Shanghai, Beijing, Tianjin and other land has 4 8-inch factory, 3 12-inch plant and commissioned the operation of Chengdu and Wuhan 12-inch plant and construction of Shenzhen 8-inch plant, in addition to a one-time let and ship Technology (Suzhou) Co., Ltd. President Xu Jianhua surprised and on several occasions criticized SMIC too focused on the growth of the volume, is in "messing up the market" outside, to SMIC has always been blunt Goldman Sachs issued a number of related "SMIC, the report of poor earnings prospects and the 2007 warning of SMIC, a very friendly Nomura company, did not seem to have been described by the public as" SMIC should be its whole life except God "　　Chang completely listened. It seems to be Chang's style, as far away as 10 years ago in Texas instrument publicWhen he was in office, he had built 10 factories in the United States, Japan, Singapore, Italy and Taiwan in a few short years to replace the title of "Factory Master".　　But the compliment has become so now that SMIC's board of directors is said to have replaced him two years ago, one of the reasons is that, as in Wuhan, Chengdu, a lot of big decisions are made by him alone, the board is like a decoration. SMIC no longer needs the founder Zhang Ru, and the loss of the lawsuit against TSMC is a good chance to oust him. Let's go, after explaining to the outside that he didn't complain and insisted on resigning in order to be responsible for losing the lawsuit, "Let me Finish", this "father of mainland semiconductors" is the most concerned about his now 99-year-old mother. "My residency card is about to expire and I need to go back to America," he said, "but my mother can't fly." ”