Brite Semiconductor Appoints SMIC CEO TY Chiu as Chairman
SHANGHAI, March 04, 2013 -- Brite Semiconductor (Shanghai) Corporation, a leading IC design and turnkey service provider, today announced that Dr. TY Chiu, CEO of Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), has been appointed Chairman of Brite Semiconductor’s Board of Directors.
Dr. Chiu is a semiconductor industry veteran with over 30 years of experience spanning technology research, business development, operations and corporate management. Prior to joining SMIC, Dr. Chiu was President and CEO of Hua Hong NEC. He has served in executive positions across the semiconductor industry, including as President and COO of Silterra Malaysia, Senior Vice President of Shanghai Operations at SMIC, and Senior Director of Fab Operations at Taiwan Semiconductor Manufacturing Company Limited (TSMC).
Dr. Chiu commented: "I am honored to serve as Chairman of Brite Semiconductor, which is one of SMIC’s key ecosystem partners. In the past year, SMIC has worked closely with Brite to serve our customers. Some of Brite’s recent achievements have already entered volume production and made positive contributions to SMIC’s revenue growth. I have been pleased to watch Brite’s rapid growth over the past few years, and I have full confidence in the company’s future development prospects."
"We are very pleased to have Dr. Chiu join Brite as Chairman; we consider it a milestone," said Dr. Charlie Zhi, President & CEO of Brite Semiconductor. "He will play a guiding role in the direction and speed of Brite's development, and his leadership will enhance Brite's strategic executive resources. As Brite and SMIC work more closely together under Dr. Chiu’s leadership, we believe that Brite will continue to work wonders."