SHANGHAI, Oct. 16, 2017 /PRNewswire/ -- Semiconductor
Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK:
0981.HK), one of the leading semiconductor foundries in the world
and the largest and most advanced foundry in mainland China, today announced the appointment of Dr.
Haijun Zhao and Dr. Liang Mong Song as SMIC Co-CEO and Executive
Director.
Dr. Zhao, age 54, was appointed
as the Chief Executive Officer of the Company on May 10, 2017. Dr. Zhao joined the Company in
October 2010 and was appointed as
Chief Operating Officer and Executive Vice President in
April 2013. In July 2013, Dr. Zhao was appointed as General
Manager of Semiconductor Manufacturing North China (Beijing) Corporation, a joint venture company
established in Beijing and a
subsidiary of the Company. Dr. Zhao received his bachelor of
science and doctor of philosophy degrees in electronic engineering
from Tsinghua University (Beijing)
and a master degree in business administration from the
University of Chicago. He has 25 years
of experience in semiconductor operations and technology
development.
Dr. Liang Mong Song, age 65, graduated with a doctor of
philosophy degree in electrical engineering from the Department of
Electrical Engineering and Computer Sciences at the University of California, Berkeley. Dr. Liang has
been engaged in the semiconductor industry for over 33 years, and
was involved in memory and advanced logic process technology
development. He owns over 450 patents and has published over 350
technical papers. He is a Fellow of Institute of Electrical and
Electronic Engineers (IEEE).
Dr. Zixue Zhou, Chairman of SMIC, commented, "I am very pleased
that Dr. Haijun Zhao and Dr.
Liang Mong Song have joined the
board of directors of SMIC as Executive Directors. I also warmly
welcome Dr. Liang Mong Song to join
SMIC together with Dr. Haijun Zhao
to serve as Co-CEO. For decades Dr. Liang has focused on integrated
circuit ("IC") technology research and development and team
management, with excellence and successful experience in advanced
IC process development and management. His accession will further
enhance SMIC's ability to develop process technology and narrow the
advanced technology gap between SMIC and its international peers;
and at the same time, his efforts will further enhance SMIC's
ability to serve its customers and improve the metrics of SMIC's
existing technology. In addition, he brings corporate culture of
top tier companies, which will enhance the company's corporate
culture to world class standards. It is believed with Dr.
Haijun Zho and Dr. Liang Mong Song's joint efforts SMIC will be led
to a new height and make contributions to the development of IC
industry."
Dr. Haijun Zhao, Co-CEO of SMIC
remarked, "I am pleased to join the board of directors of SMIC as
Executive Director, and warmly welcome Dr. Liang Mong Song to join SMIC. Dr. Liang's great
achievements in the semiconductor industry are obvious to all. His
accession will strengthen our management team, and as Co-CEO I am
looking forward to working together with Dr. Liang. Together with
our management and staff we will strive to make SMIC a global
first-class IC enterprise."
Dr. Liang Mong Song, Co-CEO of
SMIC said, "I am greatly honored to take on the position of Co-CEO
and Executive Director of SMIC, which to me, is not merely an
opportunity, but also a challenge. SMIC's rapid developments in
recent years have been notable in the industry, and I am looking
forward to working closely with the board of directors, Dr.
Haijun Zhao and the management team
to continuously improve the competitiveness of SMIC in the area of
international IC manufacturing."
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. SMIC provides integrated
circuit (IC) foundry and technology services on process nodes from
0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international
manufacturing and service base. In China, SMIC has a 300mm wafer fabrication
facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a
majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture
300mm bumping facility in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab.
SMIC also has marketing and customer service offices in the U.S.,
Europe, Japan, and Taiwan, and a representative office in
Hong Kong. For more information,
please visit www.smics.com.
Safe Harbor Statements
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical
information, "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," "expect," "project," "target" and similar
expressions to identify forward looking statements, although not
all forward-looking statements contain these words. These
forward-looking statements are necessarily estimates reflecting the
best judgment of SMIC's senior management and 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
associated with cyclicality and market conditions in the
semiconductor industry, intense competition in the semiconductor
industry, SMIC's reliance on a small number of customers, timely
wafer acceptance by SMIC's customers, timely introduction of new
technologies, SMIC's ability to ramp new products into volume,
supply and demand for semiconductor foundry services, industry
overcapacity, shortages in equipment, components and raw materials,
availability of manufacturing capacity, financial stability in end
markets, orders or judgments from pending litigation, intensive
intellectual property litigation in semiconductor industry, general
economic conditions and fluctuations in currency exchange
rates.
In addition to the information contained in this press release,
you should also consider the information contained in our other
filings with the SEC, including our annual report on Form 20-F
filed with the SEC on April 27, 2017,
especially in the "Risk Factors" section and such other documents
that we may file with the SEC or The Hong Kong Stock Exchange
Limited ("SEHK") from time to time, including current reports on
Form 6-K. Other unknown or unpredictable factors also could have
material adverse effects on our future results, performance or
achievements. In light of these risks, uncertainties, assumptions
and factors, the forward-looking events discussed in this press
release may not occur. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date stated or, if no date is stated, as of the date of this
press release. 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.
SMIC Media Contact
Terry
Ding
+86-21-3861-0000 x16812
Terry_Ding@smics.com
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SOURCE Semiconductor Manufacturing International Corporation