Semiconductor Manufacturing International Corporation (“SMIC”), the largest pure-play foundry provider in China, has appointed Dr. Zixue Zhou as the new chairman and executive director of SMIC. Dr. Zhou’s position as chairman will become effective as of today.
Dr. Zhou, 58, has had many years of experience in the electronics information industry. Prior to joining SMIC, he had served as the Chief Economist in the Ministry of Industry and Information of China (MIIT); in addition, he held previous positions including, Director of the Ministry of Information Industry, Deputy Director of the Ministry of Electronics Industry, other Deputy Director positions, as well as Adjunct Professor at prestigious universities. Dr. Zhou also holds a master’s degree in engineering management from the University of Electronic Science and Technology of China and a PhD in Economic History from Central China Normal University.
The former Chairman Mr. Wenyi Zhang has decided not to serve as a Board member due to his age, and Mr. Zhang has been appointed as Honorary Chairman and advisor.
“I am honoured to serve as the Chairman of SMIC and recognize the challenges ahead,” said Dr. Zhou. “For almost four years, Mr. Zhang and Dr. Chiu has helped SMIC undergo rapid development, achieving eleven consecutive quarters of profitability, and drawing the attention of the industry. I’d like to thank Mr. Zhang and Dr. Chiu for all their contributions in laying a strong foundation for SMIC’s future. I will work together with all members of the Board, management team and staff to promote the company’s development and growth, to build value for our shareholders, employees and other stakeholders.”
Mr. Zhang commented, “I am deeply grateful for the huge support during my time as Chairman at SMIC from shareholders, board members, management team and employees. In the future, I will continue to focus in the rapid development in SMIC and China’ssemiconductor industry.”
Dr. Tzu-Yin Chiu, Chief Executive Officer and Executive Director of SMIC remarked, “On behalf of all the board members and employees, we want to express our sincere appreciation to Mr. Zhang for all his dedication and contribution over the past few years. He has successfully brought SMIC to a new stage of development and furthered the enhancement of China’s semiconductor industry. At the same time, we’d like to welcome on board Dr. Zhou. With his extensive knowledge in the electronics industry, and rich government and management experience, his leadership will continue to drive the company’s development and further enhance SMIC’s leading position in the IC industry.”