[advertise]广告[/advertise]March 8, 2010, According to local media, the flagging company of Alcatel-Lucent in China, Shanghai Bell Alcatel has abandoned their share in Shanghai Belling, a Shanghai semiconductor manufacture. After 12 years, Shanghai Bell Alcatel will have no representatives in Belling’s Board of Directors.
On March 5, Board of directors of Belling received writing notice of 2 representatives from Shanghai Bell Alcatel, Mr. Yuan xin and Mr.Xu Zhiqun. In the notice, they told Belling that because of strategy adjustment, they would reduce their share in the Belling to zero. Mr. Yuan is the chairman of Shanghai Alcatel Bell, and Mr Xu is Shanghai Bell Alcatel’s vice executive.
Founded in 1998, Shanghai Belling is one of the first IC manufacturing in mainland China, and also is the first listed micro-electronic company in China’s stock market. As the 2nd largest share holder of Belling, Shanghai Bell Alcatel once owned 25.64% share of Belling 12 years ago. But They have continued to reduce their share in Belling these years. In December of 2009, Shanghai Bell Alcatel sold out all its shares in Belling.
In year 2005, Shanghai Bell Alcatel once was Belling’s biggest customer. 20.64% of Belling’s revenue of that year came from Alcatel Bell. But just one year later, sales to Bell Alcatel has reduced to 11.63%. Belling’s telecom products are mainly power amplifier, telephone tone ringer, PCM interface chip etc, but most of its chipsets are low-end products.