Resignation of Vice President of SMIC International: To chill old employees, they continuously reduce their needs

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Since the global shortage of chips, every move in the chip industry has been highly anticipated. Recently, SMIC International suddenly announced that Dr. Wu Jingang, the company's core technology executive, has resigned due to personal reasons. This news has attracted widespread attention, as Dr. Wu Jingang has not only worked at SMIC for 20 years, but also one of the few core technical experts within the company. So why would a senior executive with such deep qualifications choose to resign?

Firstly, let's review Wu Jingang's career. In 2001, Dr. Wu Jingang joined SMIC International. At that time, he was only 34 years old and began his long career in the chip industry. He gradually rose from an ordinary employee to assistant director, director, senior director, and eventually became the vice president of technology research and development. Dr. Wu Jingang can be said to be one of the top local executives in SMIC International, with a prominent position in the company and one of the "Five Tigers of Technology".

Despite Wu Jingang's dazzling career, his resignation has sparked widespread speculation. Some people believe that his reasons for leaving involve two aspects: salary and dissatisfaction. The 2020 company financial report showed that Wu Jingang's annual salary was only 2.141 million yuan, while other executives of the company had significantly higher annual salaries. In an equity incentive plan, Wu Jingang also obtained fewer shares than other technical backbones. This may make him feel that his contribution has not received the expected return, so he feels unwilling.

However, this is not the only problem faced by SMIC International. Brain drain has always been a major problem for companies, not only for senior management personnel, but also for grassroots employees with a high turnover rate. Compared to other chip companies, SMIC International has a higher employee turnover rate. In addition, internal conflicts between senior executives within the company also occur frequently. Last year, when the company welcomed back the technology giant Jiang Shangyi, Liang Mengsong was dissatisfied and stated that this was a sign of distrust towards him. In order to retain Liang Mengsong, the company increased his salary and gave him a property worth several million yuan. This incident demonstrates the different ways in which the company handles internal disputes at the senior level.

Dr. Wu Jingang's resignation is not only a personal choice for an executive, but also reflects the current challenges faced by SMIC International. The company needs to address the issues of talent loss and high-level internal competition, while establishing more effective talent incentive and training mechanisms. In addition, his resignation also symbolizes the decline in the position of local technical talents within the company, and foreign technology is gradually replacing local technology. In this highly competitive chip field, companies need to develop more forward-looking strategies to ensure their sustainable development.

In summary, Dr. Wu Jingang's resignation has sparked widespread attention to internal issues within SMIC International. The company needs to take measures to address the issues of talent loss and internal competition among senior management, while increasing the importance of local technical talents. In the competitive global chip industry, SMIC needs to develop a more forward-looking strategy to ensure its competitiveness in the market.

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