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May 3, 2000,
Taipei: At noon today, the Boards of Directors of United Microelectronics
Corporation (UMC), Unipac Optoelectronics (Unipac), and Worldwiser
Electronics (WWEI) met for the election of their respective Chairmen.
John Hsuan was elected as Chairman of UMC; Ing Dar Liu was elected
as Chairman of Unipac; and T. J. Tseng was elected as Chairman of
WWEI. After the elections, the three Board Meetings passed resolutions
to invite Robert H. C. Tsao, the former Chairman of all three companies,
to serve as Chairman of UMC Group to continue to provide strategic
guidance and advice to the companies.
Chairman Tsao explained that preparations for this management restructuring
have been ongoing for some time. He went on to detail the three
major factors that necessitated this action.
- Due to the large-scale investment and rapid revenue growth of
UMC, Unipac and WWEI in recent years, it is necessary for each
company to have a fully dedicated Chairman to best respond to
the resulting challenges. Year 2000 revenue for the three companies
is conservatively forecast at NT$ 88 billion (US$ 2.9 billion)
for UMC, NT$ 13.0 billion (US$ 450 million) for Unipac, and NT$
10.0 billion (US$ 330 million) for WWEI Group. Furthermore, the
timing of this management restructuring is ideal, with the three
companies expected to experience explosive growth in the next
year.
- With
the appointment of the respective Chairmen to their new positions,
Chairman Tsao will be freed from the demands of daily operations.
He will be in a better position to concentrate on strategic and
financial planning aimed at the future development of the companies.
Due to the rise of the Internet, wireless communications, genetic
engineering, and a knowledge-based economy, the coming years will
see changes of unprecedented speed and magnitude. Strategic planning
must become a full-time occupation for top-rank management in
order for companies to track these changes while pioneering new
business opportunities.
- UMC has consistently
emphasized the importance of management rotation and restructuring,
never allowing the personality of a single individual to dominate
its corporate culture. These adjustments have
enabled the company to maintain its vitality, and to better respond
to the challenges of a dynamic industry. By starting the new millenium
with this high-level management restructuring, UMC employees can
be assured that job rotation is not restricted to middle and lower
rank management. In fact, it extends to and is equally necessary
at the highest levels of the organization. This change is expected
to further strengthen the spirit of teamwork that prevails at
UMC Group, and to further enhance the role of management systems
at the companies.
Chairman Tsao expressed his strong confidence in the
character and ability of the newly elected Chairman Hsuan, Chairman
Liu, and Chairman Tseng. With their appointment, UMC Group's management
will enjoy a better and more refined division of labor, increasing
the breadth of vision for all of the companies and enhancing the
service mentality that characterizes UMC Group's leadership. Chairman
Tsao explained that a corporation's strategy should always run in
advance of necessity. The course of coming events will soon prove
that these management changes are best suited to the needs of the
future, and will lead to greater growth for the group.
About Unipac
Unipac Optoelectronics is a manufacturer of TFT-LCD displays and
is the first domestic high-tech company to independently carry out
R&D in the field of TFT-LCD technology. It offers a series of
products using high precision COG process technology, ranging from
1.8-inch consumer monitor products to 17-inch desktop display TFT-LCDs.
Unipac's newest fabs, Fab 2 and Fab 3, both use 3.5 generation technology
on 610mm x 720mm glass substrates. Fab 2 entered volume production
last year and has a design capacity of 30,000 substrates per month.
Fab 3 will start volume production at the end of 2000. For more
information visit http://www.unipac.com.tw
About WWEI
WWEI has multiple manufacturing
plants in Taiwan with a new plant for high-density interconnect
(HDI) products to enter volume production in mid-year 2000. WWEI
is a major investor in AMC (advanced PCB material), Unimicron (BGA
products) and Worldwiser Technology Inc. (PCB) in Mainland China.
In Nov 1999, WWEI acquired Plato Electronics (HK) Ltd. (producing
double-layer and quad-layer PCB). In Dec 1999, WWEI took over the
management of Subtron Technology Ltd. (producing BGA and other IC
packaging substrates). For more information visit http://www.wwei.com.tw
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Editorial Contacts:
In Taiwan
Alex Hinnawi
+(886) 2-2700-6999
ext. 6958
alex_hinnawi@umc.com
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In the USA
Eileen Elam
KJ Communications
(650) 917-1488
kjcom3@cs.com
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