Mediatek announced Board of Directors' approval on the appointment of Dr. Lih Shyng Tsai as the Co-Chief Executive Officer and nomination to the Board of Directors

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Mar 23, 2017, 09:12 ET

HSINCHU, Taiwan, March 23, 2017 /PRNewswire/ -- MediaTek (MediaTek, Inc.) today announced that its Board of Directors has unanimously approved to appoint Dr. Lih Shyng Tsai (Rick) as the Co-Chief Executive Officer of the Company effective July 1. Dr. Tsai will report directly to Chairman and Chief Executive Officer Ming-Kai Tsai and will also assume responsibility as Vice Chairman of the Mediatek Group. At the same time, Dr. Tsai is nominated to be on the Board of Directors.

In addition, a MediaTek Group Office will be established to reinforce responses to future operation and development needs of the group of companies. Ching-Jiang Hsieh, Vice Chairman and President of MediaTek, will assume the responsibility as the President of MediaTek Group Office and reports directly to Ming-Kai Tsai, Chairman of MediaTek Group. Under the joint leadership of Chairman Ming-Kai Tsai, Co-CEO Lih Shyng Tsai and Vice Chairman Ching-Jiang Hsieh, the MediaTek Group will capitalize its competitive advantages in wireless communication, digital multimedia IC design, power management products, Internet of Things and the automotive electronics to be a leading corporation in smart connected devices.

Chairman Ming-Kai Tsai emphasized that with the appointment of Dr. Tsai as the Co-Chief Executive Officer, both he and Dr. Tsai will be working on the mid to long-term strategic blueprint to expand on future breakthroughs and growth for MediaTek, while continuously elevating global management capabilities to become an excellent world-class company. The Chairman underscored Dr. Tsai's expertise in semiconductor and communication, as well as his abundant professional management experience. Dr. Tsai's abilities in global businesses will aid MediaTek's efforts in growing and developing talents, expanding partnerships with customers and the industry chain, and collaborating with the existing management team to reach new heights.

Dr. Tsai has previously served on the Board of Directors of several international companies. His nomination to MediaTek's Board of Directors, coupled with his extensive background and experience, will continue to improve the company's overall corporate governance.

Dr. Tsai received a B.S. degree in Physics from National Taiwan University and a Ph.D. degree in Materials Science and Engineering from Cornell University. Prior to MediaTek, Dr. Tsai served as Chairman and Chief Executive Officer of Chunghwa Telecom Co., Ltd., from 2014 to 2016. From 2011 to 2014, Dr. Tsai was concurrently the Chairman and Chief Executive Officer of TSMC Solar Ltd., a provider of high-performance solar modules, and TSMC Solid State Lighting Ltd., a company providing integrated LED lighting solutions. Dr. Tsai was TSMC's President of New Businesses from June 2009 to July 2011 and President and CEO of TSMC from July 2005 to June 2009. Dr. Tsai held many other key executive positions including COO, EVP of Worldwide Sales and Marketing, and EVP of Operations since joining TSMC in 1989. Before TSMC, Dr. Tsai held various technical positions at Hewlett Packard, an international information technology company, from 1981 to 1989. Dr. Tsai has substantial and comprehensive leadership experience and is an exceptional international professional manager.

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About MediaTek

MediaTek Incorporated (TWSE: 2454) is a global fabless semiconductor company that enables 1.5 billion connected devices a year. We are a market leader in developing innovative systems-on-chip (SoC) for mobile device, home entertainment, connectivity and IoT products. Our dedication to innovation has positioned us as a driving market force in several key technology areas, including highly power-efficient mobile technologies and advanced multimedia solutions across a broad range of products such as smartphones, tablets, digital televisions, OTT boxes, wearables and automotive solutions. MediaTek empowers and inspires people to expand their horizons and more easily achieve their goals through smart technology. We call this idea Everyday Genius and it drives everything we do. Visit www.mediatek.com for more information.

MediaTek Press Office:
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Kevin Keating, MediaTek
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10188 Telesis Ct #500, San Diego, CA 92121, USA

Joey Lee, MediaTek
+886 3-567-0766 # 31602
No. 1, Dusing 1st Rd., Hsinchu Science Park, Hsinchu City 30078, Taiwan

SOURCE MediaTek Inc.