SMIC is under pressure to advance China’s semiconductor industry, which has been a difficult task amid US sanctions and a talent shortage in China. Photo: Getty Images
SMIC is under pressure to advance China’s semiconductor industry, which has been a difficult task amid US sanctions and a talent shortage in China. Photo: Getty Images

China’s chip champion SMIC offers executives US$3.7 million in shares in effort to retain semiconductor talent

  • As part of a discounted shares scheme covering a quarter of SMIC employees, two top executives from TSMC and company chairman were each offered 400,000 shares
  • SMIC is considered China’s best hope at achieving self-sufficiency in semiconductors, but US sanctions and a talent shortage have made it a difficult goal

SMIC is under pressure to advance China’s semiconductor industry, which has been a difficult task amid US sanctions and a talent shortage in China. Photo: Getty Images
SMIC is under pressure to advance China’s semiconductor industry, which has been a difficult task amid US sanctions and a talent shortage in China. Photo: Getty Images
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