Former independent director of SMIC joins Intel

According to Taiwan media reports, Yang Guanglei, the former director of TSMC's R&D department and who just resigned as an independent director of SMIC last month, will join Intel as a technical consultant. This news has been confirmed by Yang Guanglei himself and Intel.

However, the industry believes that even if Yang Guanglei joins Intel, it will be difficult for Intel to surpass TSMC in the field of wafer foundry, because Yang Guanglei was responsible for the development of .18, .13 micron and 65 nanometer advanced processes during his service at TSMC, most of which are mature processes, and he has been retired for many years. At the same time, the United States lacks a team of engineers to cooperate.

Intel responded that Yang Guanglei joined Intel. Talent mobility is the norm in all industries. The company welcomes talents from all walks of life to join this international family.

Previously, Yang Guanglei joined SMIC in July 2019 and was appointed as the company's Category III independent non-executive director and member of the Remuneration Committee, receiving an annual cash remuneration of US$50,000, including US$45,000 as an independent non-executive director and US$5,000 as a member of the Remuneration Committee.

In addition, Yang Guanglei will receive options to subscribe for 187,500 common shares and 187,500 restricted shares.