China SMIC chairman steps down, replaced by chemical industry veteran

China SMIC chairman steps down, replaced by chemical industry veteran

FILE PHOTO: Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

Semiconductor Manufacturing International Corp (SMIC) 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.