Cao Xingcheng, chairman of the Joint Commission formally resigned by Hu Guoqiang

Taiwan's second largest chip foundry Lianhua electronic Limited by Share Ltd said on Monday that President Cao Xingcheng has formally resigned, replaced by chief executive Hu Guoqiang. Cao Xingcheng also resigned as a director, but will be in the future as an adviser to attend the board of directors.

Joint electricity was held yesterday morning after the provisional board of directors to make the resolution. At the same time, the board announced that Cao Xingcheng and vice chairman of the board were awarded honorary chairman and honorary vice chairman of the board of directors, while the appointment of a senior adviser, may attend the board of directors in the future of the.

Cao Xingcheng, after the end of last year and the Taiwan authorities after the friction, said publicly that he will resign as chairman in March this year. At that time, because the United States reported by the U.S. UMC Commission requires renumbering, but not the relevant information disclosure in Taiwan at the same time, the Taiwan authorities punished. Cao Xingcheng immediately criticized the relevant departments in the newspaper published improper punishment, saying, consider whether the stock should be allowed to go down from the city of Taiwan, causing uproar. United shares rose 3.29% yesterday to $18.85, the Taiwan weighted index rose 0.71% to close at 6742.29 points.