Hua Hong Semiconductor, China's second-largest chip foundry, has appointed Bai Peng, a former Intel global vice-president, as its new president.
The management reshuffle comes with Bai signing a three-year contract, taking over from Tang Junjun, who will remain as chairman.
Bai brings over 30 years of experience in semiconductor fabrication and has held significant roles across various companies, including Intel.
This appointment follows the opening of Hua Hong's new plant in Wuxi and recent leadership changes within its parent company.
The move occurs amidst challenges in the Chinese semiconductor market, particularly due to a US trade investigation into legacy semiconductor production.