Two executives at Advanced Micro-Fabrication Equipment (AMEC) have stepped down from key technical roles due to U.S. export rules that prohibit U.S. citizens from aiding China in advancing its semiconductor industry, reports South China Morning Post. The company assures its investors that its operational strength and research capabilities remain intact despite changes in the executive team.
Ni Tuqiang, vice general manager at AMEC, and Yang Wei, core technical staff, recently resigned from their positions at the company 'for personal reasons.' Both execs have U.S. citizenship. Yet, after their resignations, Ni Tuqiang and Yang Wei will continue to serve AMEC, presumably in different roles, the company said in a statement. AMEC did not reveal what new positions the two would occupy.
