Chinese chip maker Semiconductor Manufacturing International said Friday that its CEO, David Wang, has resigned from the company, a few weeks after being booted from its board of directors in a shareholder vote.
Chinese chip maker Semiconductor Manufacturing International on Thursday requested its shares be suspended from trading as the company's CEO David Wang was voted off the board.
Semiconductor Manufacturing International (SMIC) reported its 12th straight losing quarter on Tuesday, despite a dramatic rebound in the global chip industry.