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An announcement from Semiconductor Manufacturing International ( (HK:0981) ) is now available.
Semiconductor Manufacturing International Corporation announced the grant of 2,876,943 restricted share units (RSUs) to 434 grantees under its 2024 Equity Incentive Plan. This strategic move is aimed at retaining and motivating key personnel, including directors, co-chief executive officers, and other senior management, by aligning their interests with the company’s growth and profitability goals. The RSUs have varying vesting periods, with some units immediately vesting, reflecting the fulfillment of performance targets for 2024. This initiative underscores SMIC’s commitment to fostering leadership stability and enhancing its competitive positioning in the semiconductor market.
More about Semiconductor Manufacturing International
Semiconductor Manufacturing International Corporation (SMIC) is a leading semiconductor foundry company, primarily engaged in the production of integrated circuits and other semiconductor services. The company focuses on providing advanced technology and manufacturing solutions to a global clientele, playing a significant role in the semiconductor industry.
Average Trading Volume: 338,721
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