Appoints Dr. Jackson Hu to CEO
25-year IC design
veteran is committed to enhancing the customer-orientation of UMCs
industry-leading foundry services
Hsinchu, Taiwan, July 15, 2003UMC (NYSE: UMC) today announced
the appointment of Dr. Jackson Hu to the position of Chief Executive
Officer. The announcement is based on Dr. Hu's acceptance today
of this board appointment. Dr. Hu's appointment is seen as further
affirmation of UMC's commitment to enhancing the customer-orientation
of its foundry services due to his extensive career in the fabless
semiconductor industry prior to joining UMC early in 2003.
UMC Chairman Robert Tsao
commented on the appointment, In the past, we had a tendency
to think of foundry services from our perspective as process technology
and manufacturing specialists. Although, leadership in process technology
is central to our success, we have been steadily increasing our
focus on complimentary services and solutions that enable our customers
to take advantage of our technology. Jackson's years as an influential
member of the fabless design community have equipped him with an
intimate understanding of customer needs. In the short time that
he has been with UMC, his understanding of their design and business
requirements has enabled us to better tailor our foundry services
to enhance customer success. In the years to come, we will leverage
his experience to ensure that UMC remains the foundry of choice
for the best companies in the IC design world.
Dr. Hu joined UMC at
the beginning of 2003 as the president of the New Business Development
Group and head of the Design Support division. He is a 25-year veteran
of the high-tech industry, and prior to UMC served as president
and CEO of SiRF Technology, a fabless communications IC and IP (intellectual
property) company focusing on location technology based on Global
Positioning Systems (GPS). During his long career, Dr. Hu has served
in a number of influential industry positions, including senior
vice president and general manager of S3. During his time at S3,
he helped grow the company into an industry leader with 35 percent
market share of the graphics processor business. Hu s other
significant accomplishments include co-founding IC Ensemble, a fabless
IC company that focuses on audio controller products, which was
acquired by Via Technology in 2000. He also co-founded Verticom,
a company that developed PC graphics cards. Western Digital later
acquired Verticom in 1988.
Dr. Hu earned his bachelor's
degree in electrical engineering from National Taiwan University
and his master's and doctorate degrees in computer science from
the University of Illinois, Urbana. He later earned an MBA from
Santa Clara University.
Since joining UMC
earlier this year, I have been honored to work closely with some
of the most outstanding companies in the semiconductor industry.
These customers and partners have helped me to better understand
the importance of UMCs role as a world leader in the areas
of semiconductor process technology and manufacturing excellence.
The maturity of our advanced manufacturing technologies is unparalleled,
and I hope that my previous experiences as a foundry customer will
enhance UMC's ability to continually set new benchmarks for excellence
in the industry. I am confident we are well on the way to meeting
this objective due to the world-class team that UMC has assembled
during its long and successful history. I look forward to cooperating
closely with Chairman Robert Tsao and Vice Chairmen John Hsuan and
Peter Chang, and every other UMC employee to make UMC the worlds
most competitive foundry company, said Dr. Jackson Hu.
In a public statement
given at the announcement of his appointment, Dr. Hu outlined the
following priorities and goals for UMC:
1. UMC will accelerate
its investment in its 12-inch (300mm) manufacturing facilities.
Before the end of next year, UMC expects to expand capacity at Taiwans
Fab 12A to 20,000 wafers per month, and capacity at its UMCi Singapore
affiliate to 10,000 wafers per month.
2. In order to ensure
continued leadership in the area of 12-inch wafer manufacturing,
UMC will further strengthen its research and development for 90nm
and below process technologies, and ensure the availability of a
complete catalog of relevant IP (silicon intellectual property)
for integration in its customers leading-edge designs.
3. UMC will continue
to operate as a pure IC foundry with a strong emphasis on customer
partnerships, and has no plans to pursue a so-called Virtual
IDM strategy. However, in order to ensure a diversified and
sufficient customer base, UMC may choose to make investments in
certain IC design companies. At the same time, UMC will take all
possible measures to avoid any conflict of interest with its existing
4. UMC plans to carefully
review its investment portfolio, and divest itself of non-core investments.
With regard to its investments in listed IC companies, UMC plans
to gradually divest itself of these investments, in a manner that
will not negatively impact their stock price or business relationship
with UMC. UMC believes that its cooperation with partners and customers
should be based on its technical proficiency and outstanding foundry
services, not based on any investment status. UMC will use the sale
of these shares to enhance its profitability.
UMC (NYSE: UMC, TSE: 2303) is a leading global semiconductor foundry
that manufactures advanced process ICs for applications spanning
every major sector of the semiconductor industry. UMC delivers cutting-edge
foundry technologies that enable sophisticated system-on-chip (SOC)
designs, including 90nm, 0.13um copper, embedded DRAM, and mixed
signal/RFCMOS. UMC is also a leader in 300mm manufacturing; Fab
12A in Taiwan is currently in volume production for a variety of
customer products, while the Singapore-based UMCi joint venture
will begin pilot production later this year. UMC employs over 8,500
people worldwide and has offices in Taiwan, Japan, Singapore, Europe,
and the United States. UMC can be found on the web at http://www.umc.com.
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