China’s chip champion SMIC offers executives US$3.7 million in shares in effort to retain semiconductor talent

//China’s chip champion SMIC offers executives US$3.7 million in shares in effort to retain semiconductor talent

China’s chip champion SMIC offers executives US$3.7 million in shares in effort to retain semiconductor talent

China’s chip champion Semiconductor Manufacturing International Corp (SMIC) has made good on its plans to offer top executives up to 23.6 million yuan (US$3.7 million) worth of shares at a 65 per cent discount as part of a talent retention scheme covering a quarter of the company’s workforce.Three top executives were each offered 400,000 restricted shares at 20 yuan a piece, according to a regulatory filing in Hong Kong on Friday, putting the discount at about 15.6 million yuan below market…

Article by [author-name] (c) Big Tech - South China Morning Post - Read full story here.

By | 2021-06-28T08:30:27+00:00 June 28th, 2021|Technology|Comments Off on China’s chip champion SMIC offers executives US$3.7 million in shares in effort to retain semiconductor talent