Richard Chang's Exit: Quick Note

Rumors are flying fast around Richard Chang's departure from SMIC. Some claim that Chang's departure was required by TSMc as part of the deal to end TSMC's lawsuit against SMIC. Others speculate that bringing in David NK Wang means that SMIC will merge with another firm. Would that firm be HuaHong? I'll be back more with more in a few days after reading all the tea leaves.