logo
  Join        Login             Stock Quote

Appointment of Independent Non-Executive Director and Re-designation of Director

Tuesday, June 18, 2013 10:00 AM


Appointment of Independent Non-Executive Director and Re-designation of Director

SHANGHAI, June 18, 2013 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC( http://www.smics.com/eng/index.php )"; NYSE: SMI; SEHK: 981), China's largest and most advanced semiconductor foundry, today announced that Mr. Sean Maloney has been appointed as an Independent Non-executive Director of SMIC with effect from June 15, 2013. Dr. Gao Yonggang has been appointed SMIC's Executive Vice President of Strategic Planning and has been re-designated as an Executive Director with effect from June 17, 2013.

Mr. Sean Maloney ("Mr. Maloney") spent over 30 years at Intel Corporation. He is known within the high tech industry as a visionary. From August 2011 to January 2013, Mr. Maloney served as Chairman of Intel China where he was responsible for overseeing and developing the company's strategy. Prior to this appointment, he was General Manager of the corporation's Intel Architecture Group. He also previously ran the company's Communications Group and was Chief of Sales and Marketing Worldwide for the company, etc.

Dr. Gao Yonggang ("Dr. Gao") has more than 20 years of experience in the area of financial management and was the Chief Financial Officer of the China Academy of Telecommunications Technology (Datang Telecom Technology & Industry Group), the chairman of Datang Capital (Beijing) Co., Ltd. and Datang Telecom Group Finance Co., Ltd., and an executive director of Datang Hi-Tech Venture Capital Investment Co., Ltd. He was also a director and the Senior Vice President of Datang Telecom Technology & Industry Holdings Co., Ltd..He is a standing committee member of Accounting Society of China. Dr. Gao was appointed as SMIC's Non-executive Director in 2009. He is also a director of two subsidiaries of the Company, namely Semiconductor Manufacturing International (Beijing) Corporation and Semiconductor Manufacturing International (Shenzhen) Corporation.

SMIC CEO and Executive Director Dr. TY Chiu commented, "The new appointments and redesignation of directors and their roles will further improve the Company's decision-making processes and professionalism on key strategies and developments, so to enhance our corporate governance structure, for the benefit of SMIC's long-term business."

About SMIC

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, providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai, a 300mm mega-fab in Beijing, a 200mm fab in Tianjin, and a 200mm fab project under development in Shenzhen. SMIC also has customer service and marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong.

For more information, please visit www.smics.com.

Safe Harbor Statements

(Under the Private Securities Litigation Reform Act of 1995)

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" and similar expressions to identify forward-looking statements, although not all forward-looking statements contain these words. These forward-looking statements 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 the current global economic slowdown, orders or judgments from pending litigation and financial stability in end markets.

Investors should consider the information contained in SMIC's filings with the U.S. Securities and Exchange Commission (SEC), including its Annual Report on Form 20-F filed with the SEC on April 15, 2013, especially in the "Risk Factors Related to Our Financial Condition and Business" and "Operating and Financial Review and Prospects" sections, and such other documents that SMIC may file with the SEC or the Hong Kong Stock Exchange from time to time, including current reports on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on SMIC's 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.

SMIC Contact Information:

English Media

Anny Liao

Tel: +86-21-3861-0000 x16036

Email: Anny_Liao@smics.com

Chinese Media

Angela Miao

Tel: +86-21-3861-0000 x10088

Email: Angela_Miao@smics.com

SOURCE Semiconductor Manufacturing International Corporation

(Source: PR Newswire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.