Press Releases
New Management Change at SMIC: Dr. David N.K. Wang as New President and CEO
Shanghai [2009-11-10]
The Board of Semiconductor Manufacturing International Corporation ("SMIC" or "the Group"; NYSE: SMI and SEHK: 0981.HK), today announced the appointment of Dr. David N.K. Wang as an Executive Director of the Board and the President and CEO of SMIC effective immediately. Dr. Richard Chang has resigned to pursue other personal interests.
Dr. Wang is a well known executive with extensive experience in the global semiconductor industry. Dr. Wang was the CEO of Huahong (Group) Co., Ltd. and Chairman of Huahong NEC, a subsidiary of Huahong Group between September 2005 and June 2007. Prior to joining Huahong Group, Dr. Wang was the Executive Vice President of Applied Materials and President of Applied Materials Asia. Dr. Wang was responsible for Applied Materials' business strategy, planning and execution throughout Asia with a particular focus on building infrastructure worldwide. Prior to joining Applied Materials, Dr. Wang conducted research and made a number of key breakthroughs in semiconductor technology at Bell Laboratories. Dr. Wang is a well recognized and respected innovator with more than 100 patents under his name. Dr. Wang received his Ph.D. in Materials Science and Engineering from the University of California, Berkeley.
Mr. Jiang Shang Zhou, Chairman of the Board of Directors said, "We are pleased to have Dr. Wang as our new leader at SMIC. The wealth of experience and knowledge in the semiconductor industry he brings with him will help foster further growth of SMIC in China and the world. Also, I want to express my sincere thanks to Dr. Chang for his invaluable contribution to the founding and growth of SMIC over the years, helping SMIC to grow into a leading player in the semiconductor industry. Today, we have reached a new milestone and are ready to start a new chapter. I am confident that with Dr. Wang being on board, SMIC is embarking on a new initiative to better serve its customers, broaden its product portfolios, and advance the technology front."
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit (IC) foundry and technology services at 0.35um to 45nm. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a 200mm wafer fab in Tianjin, a 200mm fab under construction in Shenzhen, and an in-house assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. In addition, SMIC manages and operates a 200mm wafer fab in Chengdu owned by Cension Semiconductor Manufacturing Corporation and a 300mm wafer fab in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation. For more information, please visit http://www.3dsentson.com .
SAFE HARBOR STATEMENTS
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "could," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements, including, among others, risks related to the litigation with TSMC, in particular, the outcome of the damages portion of the trial, and orders or judgments and the trial schedule from other pending litigation, including SMIC's cross claims.
Investors should consider the information contained in SMIC's filings with the U.S. Securities and Exchange Commission (SEC), including its Annual Report on Form 20-F, as amended, filed with the SEC on June 22, 2009, especially in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections, and such other documents that SMIC may file with the SEC or SEHK from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on SMIC's future results, performance or achievements. Except as may be required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, please contact:
Esther Lau
Strategic Financial Relations Limited
Tel: +852-2864-4845
Email: esther.lau@sprg.com.hk
Winnie Lau
Strategic Financial Relations Limited
Tel: +852-2864-4876
Email: winnie.lau@sprg.com.hk
The Board of Semiconductor Manufacturing International Corporation ("SMIC" or "the Group"; NYSE: SMI and SEHK: 0981.HK), today announced the appointment of Dr. David N.K. Wang as an Executive Director of the Board and the President and CEO of SMIC effective immediately. Dr. Richard Chang has resigned to pursue other personal interests.
Dr. Wang is a well known executive with extensive experience in the global semiconductor industry. Dr. Wang was the CEO of Huahong (Group) Co., Ltd. and Chairman of Huahong NEC, a subsidiary of Huahong Group between September 2005 and June 2007. Prior to joining Huahong Group, Dr. Wang was the Executive Vice President of Applied Materials and President of Applied Materials Asia. Dr. Wang was responsible for Applied Materials' business strategy, planning and execution throughout Asia with a particular focus on building infrastructure worldwide. Prior to joining Applied Materials, Dr. Wang conducted research and made a number of key breakthroughs in semiconductor technology at Bell Laboratories. Dr. Wang is a well recognized and respected innovator with more than 100 patents under his name. Dr. Wang received his Ph.D. in Materials Science and Engineering from the University of California, Berkeley.
Mr. Jiang Shang Zhou, Chairman of the Board of Directors said, "We are pleased to have Dr. Wang as our new leader at SMIC. The wealth of experience and knowledge in the semiconductor industry he brings with him will help foster further growth of SMIC in China and the world. Also, I want to express my sincere thanks to Dr. Chang for his invaluable contribution to the founding and growth of SMIC over the years, helping SMIC to grow into a leading player in the semiconductor industry. Today, we have reached a new milestone and are ready to start a new chapter. I am confident that with Dr. Wang being on board, SMIC is embarking on a new initiative to better serve its customers, broaden its product portfolios, and advance the technology front."
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries in the world and the largest and most advanced foundry in Mainland China, providing integrated circuit (IC) foundry and technology services at 0.35um to 45nm. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a 200mm wafer fab in Tianjin, a 200mm fab under construction in Shenzhen, and an in-house assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. In addition, SMIC manages and operates a 200mm wafer fab in Chengdu owned by Cension Semiconductor Manufacturing Corporation and a 300mm wafer fab in Wuhan owned by Wuhan Xinxin Semiconductor Manufacturing Corporation. For more information, please visit http://www.3dsentson.com .
SAFE HARBOR STATEMENTS
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on SMIC's current assumptions, expectations and projections about future events. SMIC uses words like "believe," "anticipate," "intend," "estimate," "could," "expect," "project" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements, including, among others, risks related to the litigation with TSMC, in particular, the outcome of the damages portion of the trial, and orders or judgments and the trial schedule from other pending litigation, including SMIC's cross claims.
Investors should consider the information contained in SMIC's filings with the U.S. Securities and Exchange Commission (SEC), including its Annual Report on Form 20-F, as amended, filed with the SEC on June 22, 2009, especially in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections, and such other documents that SMIC may file with the SEC or SEHK from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on SMIC's future results, performance or achievements. Except as may be required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, please contact:
Esther Lau
Strategic Financial Relations Limited
Tel: +852-2864-4845
Email: esther.lau@sprg.com.hk
Winnie Lau
Strategic Financial Relations Limited
Tel: +852-2864-4876
Email: winnie.lau@sprg.com.hk
