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china's chip equipment manufacturer amec: 2 core american technicians resigned

2024-09-23

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on september 21, advanced micro-semiconductor equipment (shanghai) co., ltd. (hereinafter referred to as "amec") issued an announcement regarding changes in deputy general managers and core technical personnel.

the announcement stated, "the board of directors recently received written resignation reports submitted by ni tuqiang and yang wei. mr. ni tuqiang applied to resign from the position of deputy general manager and core technical personnel of the company for personal reasons. mr. yang wei applied to resign from the position of core technical personnel of the company for personal reasons. after resigning, mr. ni tuqiang and mr. yang wei will still work in the company."

the announcement mentioned that ni tuqiang was born in 1962, has american nationality, holds a bachelor's and master's degree from the university of science and technology of china, and a doctorate and postdoctoral degree from the university of texas. as of the disclosure of the announcement, he directly holds 764,358 shares, accounting for a total of 0.123% of the company's total share capital; yang wei was born in 1966, has american nationality, holds a bachelor's and master's degree from xi'an jiaotong university. as of the disclosure of the announcement, yang wei directly holds 454,017 shares, accounting for a total of 0.073% of the company's total share capital.

the announcement stated, "this change in core technical personnel does not involve any disputes such as work-related inventions, will not have a significant adverse impact on the company's technological advantages and core competitiveness, and will not affect the progress of product research and development and market expansion."

amec said it is mainly engaged in the research and development, production and sales of high-end semiconductor equipment, and is involved in the fields of semiconductor integrated circuit manufacturing, advanced packaging, led production, mems manufacturing and other high-end equipment for micro-processes.

at the end of january 2024, the u.s. department of defense included amec on the chinese military enterprise list (cmc list) in accordance with section 1260h of the national defense authorization act for fiscal year 2021. on august 16, amec announced that it had formally filed a complaint with a u.s. court against the u.s. department of defense.

the financial report shows that in the first half of 2024, china micro's operating income was 3.448 billion yuan, a year-on-year increase of 36.46%; the net profit attributable to shareholders of the listed company was 517 million yuan, a year-on-year decrease of 48.48%.

in the month ending september 23, amec's ​​stock price has fallen 10.46% to 117.45 yuan per share, with a current market value of 72.9 billion yuan.