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."
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.
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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.
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