SMIC, China's leading contract chipmaker, announced on December 31 the resignation of Jason Cong, an independent non-executive director, effective immediately.
SMIC stated that Cong confirmed that he has no disagreement with the Board of Directors of the company and that there are no other matters concerning his resignation that shareholders need to know.
Given that Cong's resignation will result in the number of independent non-executive directors of the company falling below the regulatory requirement, the Board of Directors of SMIC will appoint new independent non-executive directors within three months from December 31, 2020.
According to SMIC's website, Cong has been a director of the company since February 14, 2017.
Cong received his bachelor's degree in computer science from Peking University in 1985 and his master's degree and doctorate degree in computer science from the University of Illinois at Urbana-Champaign in 1987 and 1990.
He is the Distinguished Chancellor's Professor, Director of the Center for Domain-Specific Computing, and Director of the Ultra-Scale Integrated Circuit Technology Laboratory at the University of California, Los Angeles.
Cong is the co-founder, Chief Scientific Advisor and Chairman of the Board of Falcon Computing Solutions Inc. He is also a director of Inspirit, Inc.
Cong's research interests include electronic design automation and energy-efficient computing, and he has published over 500 papers in this area.